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.

1. First, determine the monthly minimum wage full-time ($). 2. Next, determine the average monthly rent ($).
3. Next, gather the formula from above = MWR = MW / R * 100.
4. Finally, calculate the Minimum Wage To Rent Ratio.
5. 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