Baltimore Rents Take Up 44 Percent Of Entry-Level Teachers' Income, Zillow Report Finds
BALTIMORE (WJZ) — Baltimore rent takes up to 44 percent of entry-level teachers' income, a new Zillow analysis finds.
The study on housing affordability finds that nationally, entry-level teachers cannot afford the typical rent in 49 of the 50 largest U.S. markets, and would need to spend more than half of their salaries on market-rate rent in 19 of the largest markets.
The median rent in Baltimore is $1,718 and the monthly mortgage payment on the median home is $990, and in comparison with entry-level teachers, mid-level teachers spend 35 percent while the highest-paid teachers spend 28 percent.
Nearby, Pittsburgh is the only large U.S. metro where market-rate rent prices are affordable for entry-level teachers.
Nationally, it would take 46.8 percent of a typical starting teacher's salary to pay the median rent, 35.6 percent for a mid-career teacher, and 26.6 percent for the highest-paid teachers.
In Baltimore, entry-level teachers who own a home spend 25 percent on the median mortgage payment, mid-level teachers spend 20 percent and the highest-paid teachers spend 16 percent.
When Zillow compared that nationally, they found that teachers who own a home are in a better position- in part due to the low mortgage interest rates. The typical mortgage payment is affordable to starting-level teachers in 31 of the top-50 metros.
But, this assumes they have managed to put 20 percent down, which is not always the case.
For more information, read the full analysis here.
| Metropolitan Area | Median Rent | Starting Teacher – Share of Salary on Median Rent | Median Teacher – Share of Salary on Median Rent | Highest-Paid Teacher –Share of Salary on Median Rent | Starting Teacher – Share of Salary on Median Mortgage | Median Teacher – Share of Salary on Median Mortgage | Highest-Paid Teacher – Share of Salary on Median Mortgage |
| United States | $1,483 | 46.8% | 35.6% | 26.6% | 26.6% | 20.2% | 15.1% |
| New York, NY | $2,407 | 52.5% | 39.8% | 30.4% | 35.8% | 27.2% | 20.7% |
| Los Angeles, CA | $2,836 | 85.1% | 52.2% | 39.6% | 72.2% | 44.3% | 33.6% |
| Chicago, IL | $1,713 | 46.7% | 34.3% | 25.7% | 22.7% | 16.7% | 12.5% |
| Dallas, TX | $1,661 | 47.5% | 38.3% | 35.0% | 25.7% | 20.8% | 18.9% |
| Philadelphia, PA | $1,614 | 39.1% | 29.8% | 23.3% | 20.9% | 15.9% | 12.4% |
| Houston, TX | $1,588 | 44.1% | 36.6% | 32.9% | 21.2% | 17.6% | 15.8% |
| Washington, DC | $2,185 | 54.6% | 43.7% | 32.8% | 37.7% | 30.2% | 22.6% |
| Miami, FL | $1,938 | 72.1% | 51.7% | 41.5% | 38.9% | 27.9% | 22.4% |
| Atlanta, GA | $1,475 | 44.3% | 35.4% | 28.1% | 24.4% | 19.5% | 15.5% |
| Boston, MA | $2,433 | 67.9% | 45.6% | 36.5% | 48.0% | 32.3% | 25.8% |
| San Francisco, CA | $3,466 | 104.0% | 67.1% | 48.9% | 104.8% | 67.6% | 49.3% |
| Detroit, MI | $1,233 | 33.7% | 24.3% | 19.2% | 16.5% | 11.9% | 9.4% |
| Riverside, CA | $2,017 | 60.5% | 34.6% | 26.9% | 41.2% | 23.6% | 18.3% |
| Phoenix, AZ | $1,480 | 48.0% | 42.3% | 35.5% | 32.1% | 28.3% | 23.8% |
| Seattle, WA | $2,259 | 74.7% | 47.6% | 35.7% | 59.9% | 38.2% | 28.6% |
| Minneapolis, MN | $1,711 | 51.3% | 36.0% | 27.4% | 30.2% | 21.2% | 16.1% |
| San Diego, CA | $2,673 | 97.2% | 50.1% | 37.7% | 79.5% | 41.0% | 30.9% |
| Saint Louis, MO | $1,169 | 38.4% | 28.1% | 21.9% | 20.4% | 14.9% | 11.6% |
| Tampa, FL | $1,465 | 47.5% | 41.8% | 33.8% | 25.9% | 22.8% | 18.4% |
| Baltimore, MD | $1,748 | 43.7% | 35.0% | 27.6% | 24.8% | 19.8% | 15.6% |
| Denver, CO | $2,142 | 73.4% | 52.5% | 39.5% | 51.8% | 37.0% | 27.9% |
| Pittsburgh, PA | $1,108 | 29.5% | 22.9% | 15.8% | 14.2% | 11.0% | 7.6% |
| Portland, OR | $1,895 | 59.8% | 42.9% | 33.9% | 46.2% | 33.2% | 26.2% |
| Charlotte, NC | $1,360 | 46.6% | 37.1% | 30.8% | 26.7% | 21.2% | 17.6% |
| Sacramento, CA | $1,936 | 64.5% | 38.7% | 28.7% | 50.8% | 30.5% | 22.6% |
| San Antonio, TX | $1,388 | 37.0% | 31.4% | 28.0% | 19.3% | 16.3% | 14.6% |
| Orlando, FL | $1,554 | 50.4% | 42.4% | 37.3% | 28.9% | 24.3% | 21.4% |
| Cincinnati, OH | $1,309 | 39.3% | 30.2% | 24.2% | 18.9% | 14.6% | 11.7% |
| Cleveland, OH | $1,176 | 33.6% | 23.5% | 19.6% | 15.5% | 10.9% | 9.0% |
| Kansas City, MO | $1,309 | 39.3% | 32.7% | 26.2% | 21.3% | 17.8% | 14.2% |
| Las Vegas, NV | $1,435 | 43.1% | 34.4% | 26.9% | 31.0% | 24.8% | 19.4% |
| Columbus, OH | $1,380 | 41.4% | 27.6% | 22.1% | 21.5% | 14.3% | 11.5% |
| Indianapolis, IN | $1,244 | 41.2% | 33.2% | 24.9% | 20.5% | 16.5% | 12.4% |
| San Jose, CA | $3,611 | 108.3% | 61.9% | 45.6% | 129.0% | 73.7% | 54.3% |
| Austin, TX | $1,737 | 52.1% | 44.3% | 40.0% | 34.7% | 29.5% | 26.6% |
| Virginia Beach, VA | $1,449 | 49.7% | 37.0% | 31.1% | 29.2% | 21.7% | 18.2% |
| Nashville, TN | $1,536 | 52.7% | 42.9% | 34.8% | 32.5% | 26.4% | 21.4% |
| Providence, RI | $1,687 | 38.9% | 27.4% | 25.1% | 25.2% | 17.7% | 16.3% |
| Milwaukee, WI | $1,319 | 37.7% | 30.4% | 23.3% | 24.6% | 19.9% | 15.2% |
| Jacksonville, FL | $1,426 | 45.0% | 41.2% | 35.7% | 25.0% | 22.9% | 19.8% |
| Memphis, TN | $1,124 | 34.6% | 30.0% | 24.1% | 16.1% | 13.9% | 11.2% |
| Oklahoma City, OK | $1,130 | 38.7% | 34.8% | 29.5% | 18.8% | 16.8% | 14.3% |
| Louisville, KY | $1,199 | 36.0% | 26.6% | 21.2% | 18.2% | 13.5% | 10.7% |
| Hartford, CT | $1,584 | 36.6% | 27.2% | 22.6% | 19.6% | 14.6% | 12.1% |
| Richmond, VA | $1,435 | 39.1% | 35.1% | 31.3% | 23.3% | 21.0% | 18.7% |
| New Orleans, LA | $1,401 | 42.0% | 36.5% | 31.5% | 19.5% | 17.0% | 14.6% |
| Buffalo, NY | $1,208 | 32.2% | 23.4% | 19.3% | 15.9% | 11.5% | 9.5% |
| Raleigh, NC | $1,486 | 50.9% | 41.6% | 34.3% | 34.1% | 27.8% | 23.0% |
| Birmingham, AL | $1,114 | 31.8% | 26.7% | 23.9% | 15.7% | 13.2% | 11.8% |
| Salt Lake City, UT | $1,620 | 57.2% | 43.7% | 34.6% | 48.3% | 36.9% | 29.2% |