Friday, July 22, 2011

An Affordability Problem

In the Center's latest Paycheck to Paycheck database, an analysis of current home prices, rents and wages across a range of occupations showed that in the midst of a slow recovery from a prolonged recession, home prices have dropped and some employers are slowly starting to hire. However, workers in many newly filled jobs still may not be able to afford housing at the wages currently being offered.

This is a problem nation-wide, as Janet Fowler at Forbes pointed out. And as Jamie Smith Hopkins and Megan Cottrell found, some cities, including Chicago and Baltimore, have it worse than others. But you don’t have to take these bloggers’ words for it: check out how affordable your city is for any one of 72 occupations, and read the report for more comprehensive analysis.

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