Report: Housing Crisis In The U.S.

None of America’s elementary school teachers, police officers,licensed practical nurses, retail salespersons or janitors would qualify to purchase a median priced homebased on median income, according to a compelling new study from the National Housing Conference(NHC) entitled Paycheck to Paycheck: Wages and the Cost of Housing in America. Compiled by NHC’sresearch affiliate the Center for Housing Policy, findings for the nation as a whole reveal that the medianannual salaries for each of these five occupations fall short of the nearly $50,000 necessary to qualify forthe median priced home of $156,000, with the earnings of licensed practical nurses, retail sales personsand janitors lagging by substantial margins. Of particular concern, families dependent solely on thesalary of a janitor or retail salesperson pay in excess of what is considered affordable for a two-bedroomapartment in all of the 60 individual metropolitan areas studied. [Complete report available online including analysis of 60 U.S. metropolitan areas.]

Thanks to Abhijeet Chavan