There’s a reason why people are seriously considering having Miami teachers live at school.
Miami area teachers can now only afford 9 percent of area homes, according to new data from Trulia.
That’s down 9.7 percentage points in just one year, thanks to a 5.9% decrease in overall teacher wages, according to the latest Bureau of Labor Statistics data, and a 12.8% increase in list prices. Trulia said the median income for Miami teachers is now $49,013, while the median home price in the Miami metro area is $450,000.
Last year, the Herald reported on the struggles area teachers face in finding workforce housing, citing a study that ranked the city 47th out of 50 metros in affordability.