Andrew Selsky/AP

Minimum wage workers would have to earn three times the federal wage to rent a modest two-bedroom home anywhere in the country, according to a new report from the National Low Income Housing Coalition.

Workers would need $21.21 per hour to rent a two-bedroom home, and $17.14 for a one-bedroom. On average, renters earn $16.38 across the country, while the mandated federal minimum wage sits at $7.25.

The gap between income and rent is widening. Average income went down by 4%, while rent increased by 6% between 2007 and 2015, Washington Post reports.

Why this matters: Around 11.2 million families spend the majority of their paychecks on rent, and currently only one of every four is eligible for public subsidies. Under President Trump's budget plan, federal funding to the Department of Housing and Urban Development will be slashed by $6.2 billion — significantly reducing housing assitance programs and those programs aimed at helping lower-wage employees.

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Rural America has its own coronavirus problem

It's often easier to socially distance in rural America, but it can simultaneously be more challenging to get medical care.

Axios Re:Cap digs into the pandemic's urban-rural divide with microbiologist Amber Schmidtke, who has found that coronavirus-related morbidity is higher in many of Georgia's rural counties than in Atlanta.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 12,373,722 — Total deaths: 556,863 — Total recoveries — 6,794,982Map.
  2. U.S.: Total confirmed cases as of 3:30 p.m. ET: 3,156,234 — Total deaths: 133,746 — Total recoveries: 969,111 — Total tested: 38,032,966Map.
  3. Public health: The U.S.'s new default strategy: herd immunity — 23 states and D.C. are mandating face coverings.
  4. ✈️ Travel: Delta CEO says Trump administration should issue mask mandate for air travelAirlines say air quality, cleanliness lower risk.

Biden and Trump point fingers over "buy American" proposals

Joe Biden at a campaign event in Wilmington, DE. Photo: Alex Wong/Getty Images

President Trump and Joe Biden are going back and forth over the former vice president's "buy American" economic proposal, which Trump claims Biden "plagiarized" from him.

Why it matters: Biden is directly challenging Trump and his "America First" agenda with the release of his latest plan, focused on economic recovery and re-investing in American manufacturing in the wake of the coronavirus pandemic.