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What Kind Of Home Does Minimum Wage Get You?

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All across America, fast-food workers held one-day labor walkouts today in protest of low minimum wage standards. Here in the Puget Sound region, we know that it was SeaTac that got the ball rolling on the issue, where a $15 minimum wage for workers in and around SeaTac Airport was approved. We got to thinking, just what will that rise in minimum wage get you in terms of a house? With some help from Estately and Yahoo Finance's "home affordability calculator," here's what we found out...

Who Are They: A single person working 40-hour weeks with no vacation.
How Much Do They Make: $9.19/hour, $19,115 yearly (untaxed).
What Can They Afford: A $66,468 home, based on payments on a 30-year mortgage with 5% interest.
SeaTac Housing Option: This one condo, and only this one condo, but they'd probably get gouged by the HOA fees.

Who Are They: Two people working 40-hour weeks with no vacation.
How Much Do They Make: $9.19 per hour, $38,230 yearly.
What Can They Afford: They could afford a $132,937 home.
SeaTac Housing Option: There are 9 condos at that price, such as this one, but all also have HOA fees.

Who Are They: A single person working 40-hour weeks with no vacation.
How Much Do They Make: $15/hour, $31,200 yearly.
What Can They Afford: He/she can afford a $104,874 home.
SeaTac Housing Option: There are 7 condos that qualify (they have HOA fees though). Here's one for $70K.

Who Are They: Two people working 40-hour weeks with no vacation.
How Much Do They Make: $15/hour, $62,400/yearly.
What Can They Afford: They can afford a $216,981 home.
SeaTac Housing Option: This 3-BR/1-bath home makes the cut.
· Fast-food workers strike, protest for higher pay [USA Today]
· $15 minimum wage passes in SeaTac, but recount coming [Seattle Times]
· This Is What Kind of Home Minimum Wage Buys You In American Cities [Estately]