Guess what…the five most affordable places for teachers to buy a home during 2020 were all located in inland California.
Redfin Analysis Points to Most and Least Affordable Metros for Teachers
Redfin took a look data from the US Bureau of Labor Statistics on the median disposable incomes (MDI) of teachers in nearly 160 metro areas. (Disposable income is the annual income a person has after covering their yearly housing costs.)
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Five Most Affordable Metros for Teachers to Buy in 2020
Metros MDI Median Salary Median Sale Price
Merced CA $64,586 $99,637 $277K
Fresno CA $54,510 $89,170 $275K
Riverside $51,105 $91,220 $350
Modesto $50,950 $88,899 $335K
Bakersfield $50,931 $87,710 $238K
Five Most Affordable Metros for Teachers to Rent in 2020
Metros MDI Salary Med Rent/Month
Merced CA $68,002 $99,637 $2,636
Bend OR $60,192 $90,700 $2,542
Fresno CA $57,211 $89,170 $2,663
Modesto $56,007 $88,899 $2,741
Bakersfield $55,103 $87,710 $2,717
Five Least Affordable Metros for Teachers to Buy in 2020
San Jose $2,703 $90,314 $1,195M
Kahului HI $5,038 $62,607 $756K
St. George UT $6,560 $42,680 $330K
Salinas CA $7,002 $63,680 $675K
Flagstaff AZ $8,388 $47,329 $412K
Five Least Affordable Metros for Teachers to Rent in 2020
St. George $10,536 $42,680 $2,679
Sierra Vista AZ $15,390 $40,986 $2,133
Twin Falls ID $17,319 $45,040 $2,310
Palm Bay FL $17,939 $44,894 $2,246
Jackson MS $18,202 $43,898 $2,141
Thanks to Redfin.
