People who live in New York have generally accepted that they'll have to settle for a "charming micro-studio" if they want to find an affordable apartment in the city. From that point of view, it's hard to remember that reasonably priced two-bedroom apartments actually exist in other parts of this country.
Turns out they do exist -- just not in New York. A new study by the National Low Income Housing Coalition has looked at all 50 states (plus DC and Puerto Rico!), revealing the average hourly wage required to afford modest two-bedroom housing without spending more than 30% of an individual's income. You know, actually affordable housing.
The result? The most affordable state isn't actually a state at all: it's Puerto Rico, whose $10.53/hr housing wage beat out also-rans Arkansas ($12.95/hr) and Kentucky ($13.14) for the top spot. Meanwhile, Hawaii predictably steals the crown (lei?) for the most expensive state in the union, clocking in at $31.61/hr and proving that if you wanna live on an island where you can spend US dollars, Puerto Rico's unbeatable for the price.