Average Janitor Cannot Afford To Buy Average House in Bethesda
$10 gets you nowhere at Saks 5th Avenue.The Metrobus operator will not drop me off in front of my house.
Handsome underwear models do not flirt with me.
There is no justice.
Someone over at the National Housing Conference alerted me to their new study on home ownership and affordability called "Paycheck to Paycheck: Wages and the Cost of Housing in America." According to their study Bethesda, MD is the 15th most expensive place to purchase a home, Washington, DC as a whole (I gather they factored in Georgetown and Barry Farm) ranks at number 24. Baltimore was at 34. For rentals DC and Bethesda tied at number 19.
The Area Median Income (AMI) around here for 2009 is $64,000 (PDF) and the biggest job title is office drone and executive assistant to the assistant peon (occ. code 43). There aren't a whole lot janitors making up a percentage of the official job pool.
The NHC study also looks at the affordability of the average home for first responders and school teachers. According to their chart, school teachers and police officers can afford the fair market rent of the average two bedroom. Which is good to know when the odd developer comes shuffling through trying to push workforce housing for school teachers and police.
Labels: housing
posted by Mari @ 11.5.09
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