This statistic shows the share of homes affordable to teachers in the United States in 2018, by metro. In 2018, only 0.7 percent of homes in San Francisco were affordable for teachers, whereas 79.5 percent of homes in Bakersfield, CA were affordable for teachers.
Share of homes affordable to teachers in selected cities in the United States in 2018, by metro
Teachers here include elementary, middle and secondary school teachers and the median income is calculated by taking the average of these sub-categories. Restaurant workers include cooks, food preparation workers, bartenders, and waiters and waitresses. First responders include police and sheriff’s patrol officers and firefighters. Doctors here are family and general practitioners. Programmers include computer programmers, software developers (applications), software developers (systems software) and web developers.
The source adds the following information: "affordability is defined as spending 31% or less of one’s monthly income on housing. In order to find the share of affordable homes on the market for the median income earner for each occupation we calculate the maximum amount that each person can allocate towards a mortgage payment based on their wage. We evaluated the listing price of each home effective March 29. We subtracted a 20% down payment and calculated the monthly mortgage payment using the prevailing 30-year mortgage rate (4.44%) at that time. We also considered HOA fees, mortgage insurance and property taxes. Finally, we took the number of listed properties that the median income earner for each occupation could afford."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Trulia. (April 6, 2018). Share of homes affordable to teachers in selected cities in the United States in 2018, by metro [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/
Trulia. "Share of homes affordable to teachers in selected cities in the United States in 2018, by metro." Chart. April 6, 2018. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/
Trulia. (2018). Share of homes affordable to teachers in selected cities in the United States in 2018, by metro. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/
Trulia. "Share of Homes Affordable to Teachers in Selected Cities in The United States in 2018, by Metro." Statista, Statista Inc., 6 Apr 2018, https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/
Trulia, Share of homes affordable to teachers in selected cities in the United States in 2018, by metro Statista, https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/ (last visited December 30, 2024)
Share of homes affordable to teachers in selected cities in the United States in 2018, by metro [Graph], Trulia, April 6, 2018. [Online]. Available: https://www.statista.com/statistics/865598/home-affordability-teachers-by-metro-usa/