Teachers across the country are being priced out of local housing markets by low pay, according to a new analysis of 124 of America’s largest districts by the National Council on Teacher Quality.
Three key findings:
- In 80 percent of the districts analyzed, a teacher with a master’s degree and five years of experience cannot comfortably afford a mortgage.
- More than a quarter of new teachers cannot afford to rent one-bedroom apartments where they work.
- Teachers must save for an average of 10 years to make a reasonable down payment on a house, though the time varies wildly from district to district.
[For more on this story by LAURA FAY, go to https://www.the74million.org/w...h-stagnant-salaries/]