Want to buy a house on a Palm Beach County teacher’s salary? Helps to have two incomes

Palm Beach County’s housing market remains a challenging one for teachers and other middle-income workers, according to research released Wednesday by Trulia.

Just 25.5 percent of Palm Beach County property listings are in reach of a typical teacher. That’s based on an average teacher salary of $49,243 and a median home price of $365,000.

With two teacher salaries, the share of listings in reach climbs to 59 percent, according to Trulia’s calculations. Palm Beach County teachers long have complained that their salaries, which are low by national standards, are inadequate to buy a home in a housing market that’s expensive compared to much of the nation.

If the housing affordability poses a hurdle for teachers, it’s an insurmountable wall for low-wage workers. The typical restaurant worker in Palm Beach County makes $21,950, meaning just 4.6 percent of the county’s listings are affordable, Trulia said.

The situation is less dire for firefighters and other first responders. Their average salary is $67,460, an income that puts 39.6 percent of Palm Beach County listings in reach.

Reader Comments 0

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Basic HTML is allowed. Your email address will not be published.

Subscribe to this comment feed via RSS