A new study from Apartment List has revealed that rising housing costs have disproportionately impacted teachers in Charlotte.
As home prices and rents continue to rise, salaries for one of our most important professions have not kept pace in many parts of the country, creating a growing housing affordability crisis that has forced many teachers into financial hardship. This could have a tremendous impact on the future of the U.S. education system and highlights the disparities between teachers and those in non-teaching professions that have achieved similar levels of education.
Their study found that:
- In the Charlotte metro, 21.5% of primary-earner teachers are burdened by their housing costs.
- The teacher cost burden rate in the Charlotte metro is 76.9% higher than the rate for households where the primary earner is a non-teacher with a college degree.
- The median income of teachers in the Charlotte metro is 33.8% less than the median income of full-time workers with Bachelor’s degrees employed in non-teaching professions.