LOGAN SQUARE — In Logan Square and the surrounding area, full-time workers must earn $23.85/hour to comfortably afford a modest two-bedroom apartment, according to a report.
But the neighborhood isn’t uniquely unaffordable.
The report, released in mid-June by the National Low Income Housing Coalition, highlights the wide gap between the minimum wage and the high cost of rent throughout the entire country.
The national organization created a map to illustrate the discrepancy, broken down by zip code.
In the 60647 zip code, which includes Logan Square, fair market rent for a one-bedroom apartment is $1,060; it’s $1,240 for a two-bedroom. The median household income is $61,028 and the poverty rate is 19 percent.
In the 60622 zip code, which includes parts of Ukrainian Village, Wicker Park, Humboldt Park and West Town, the median household income is higher than that of Logan Square’s at $79,085. The amount full-time workers need to earn without spending more than 30 percent of their income on rent is $27.12, the report shows.
The national organization found that full-time workers anywhere in the country need to earn $22.10 per hour — three times the federal minimum wage.
In Cook County, workers must earn $22.69 – down from last year when it was $23.69, according to the national organization. Officials recently raised Chicago’s minimum wage to $12/hour as part of a five-year plan to raise it to $13/hour by 2019.
Block Club Chicago created a Chicago-only map, using the national organization’s data: