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Beating OKC Rent: A $23/Hour Warehouse Opening with No Experience · The 405 Payroll

• 0:13
  Welcome to The 405 Payroll.
• 0:15
  I'm Claire Brooks, and this is the show that turns Oklahoma City's live hiring news
• 0:20
  into something you can use today.
• 0:22
  And I'm Miles.
• 0:23
  Today's headline is a job posting.
• 0:25
  A company in northwest Oklahoma City, zip code 73132, is hiring packaging assistants
• 0:31
  at $22 to $23 an hour, full time, and the listing says plainly that previous
• 0:36
  packaging or warehouse experience is not required.
• 0:39
  Training is provided.
• 0:41
  Most entry level warehouse listings here start much lower.
• 0:44
  ZipRecruiter put the average Oklahoma City warehouse wage at $16.21 an hour as of
• 0:50
  October 13th, so this posting sits about six dollars above that.
• 0:55
  Six dollars an hour full time is around a thousand dollars more a month before
• 0:58
  taxes.
• 0:59
  That's not a slightly better month, that's a different month.
• 1:03
  Claire, tell them why rent makes this matter.
• 1:05
  Apartment List's October report puts median rent in Oklahoma City at $1,114 a month,
• 1:12
  $919 for a one bedroom and $1,139 for a two bedroom.
• 1:18
  And rents are up 4.1 percent so far this year, through September.
• 1:23
  That growth ranked us number 20 among the hundred largest cities for September.
• 1:28
  We're still cheaper than most places, about 19.7 percent below the national median
• 1:33
  according to Apartment List.
• 1:35
  Apartments.com puts the average across all listings at $936.
• 1:40
  Different sources, different math, so your own lease is the number that counts.
• 1:45
  Here's the arithmetic, and it's only arithmetic.
• 1:48
  The common guideline is rent at no more than 30 percent of gross pay.
• 1:53
  For $936 to $1,114, that's about $3,120 to
• 1:59
  $3,713 a month, or $37,440 to
• 2:05
  $44,556 a year.
• 2:09
  And $15 an hour full time is roughly $2,600 a month gross, around $2,100 after
• 2:15
  taxes.
• 2:16
  A $936 rent is already over 40 percent of that.
• 2:21
  At $1,114, it's more than half.
• 2:25
  That's not a failure of effort.
• 2:27
  The wage and the rent were just set by different people.
• 2:30
  Now look at $21 to $23 an hour: $3,640 to $3,986 a month gross,
• 2:37
  or $43,680 to $47,840 a year.
• 2:42
  That clears the guideline for both of those rents.
• 2:45
  So today we cover who's hiring, the training that gets you to the next rung,
• 2:49
  extra money you can start this week, and what keeps a raise from slipping away.
• 2:53
  Plus a true story and one thing to do before dinner.