Salaries for Vital Occupations Fall Short of Income Needed for Housing

Mortgage Banking, June 2003 | Go to article overview

Salaries for Vital Occupations Fall Short of Income Needed for Housing


ACCORDING TO NEW NATIONAL DATA FROM THE National Housing Conference (NHC), Washington, D.C., entitled Paycheck to Paycheck: Wages and the Cost of Housing in America, none of America's elementary school teachers, police officers, licensed practical nurses, retail salespersons or janitors would qualify to purchase a median-priced home based on median income.

Compiled by NHC's research affiliate, the Center for Housing Policy, findings for the nation as a whole reveal that the median annual salaries for each of these five occupations fall short of the nearly $50,000 necessary to qualify for the median-priced home of $156,000, with the earnings of licensed practical nurses, retail sales persons and janitors lagging by substantial margins. Of particular concern, families dependent solely on the salary of a janitor or retail salesperson pay in excess of what is considered affordable for a two-bedroom apartment in all of the 60 individual metropolitan areas studied, according to the report.

At the national level, the data reveals that on average, homeownership is out of reach for many working families. For example, the data shows that families dependent on a police officer's salary are priced out of almost half, or 28, of the 60 areas studied, while households dependent on one teacher's salary alone cannot afford to buy a home in 32 localities. In addition, licensed practical nurses cannot afford to buy a home in all but three of the areas. Janitors and retail salespersons require more than double their salaries in many of the metropolitan areas, up to three times their salaries in expensive areas and up to seven times their salaries in the most expensive areas. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Salaries for Vital Occupations Fall Short of Income Needed for Housing
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.