Teachers Can't Afford 91 Percent Of The Homes In Miami, New Study Says

May 9, 2018

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.

Read more at our news partner, the Miami Herald