Enter the monthly minimum wage full-time ($) and the average monthly rent ($) into the Calculator. The calculator will evaluate the Minimum Wage To Rent Ratio.

## Minimum Wage To Rent Ratio Formula

MWR = MW / R * 100

Variables:

- MWR is the Minimum Wage To Rent Ratio (%)
- MW is the monthly minimum wage full-time ($)
- R is the average monthly rent ($)

To calculate Minimum Wage To Rent Ratio, divide the minimum monthly wage by the average monthly rent, then multiply by 100.

## How to Calculate Minimum Wage To Rent Ratio?

The following steps outline how to calculate the Minimum Wage To Rent Ratio.

- First, determine the monthly minimum wage full-time ($).
- Next, determine the average monthly rent ($).
- Next, gather the formula from above = MWR = MW / R * 100.
- Finally, calculate the Minimum Wage To Rent Ratio.
- After inserting the variables and calculating the result, check your answer with the calculator above.

**Example Problem : **

Use the following variables as an example problem to test your knowledge.

monthly minimum wage full time ($) = 2000

monthly average rent ($) = 1000