U.S. teacher salaries must nearly double to afford median-priced homes, with only 14% affordable within commuting distance.
The Redfin report states that U.S. teacher salaries need to nearly double to afford a median-priced home, with the current median salary of over $64,000 falling short of the required $113,000 annual income. Teachers can only afford 14% of homes within commuting distance from their schools. While rental affordability has increased slightly, it still remains below pre-pandemic levels. Building affordable housing near schools is a priority for U.S. policymakers, given teacher salaries' years of underinvestment.
August 14, 2024
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