What's Hot: Podcasts and Pianos: 350-Unit Project Pitched Blocks North of Nats Park | A First Look at the Newest Condos Coming to The Parks at Walter Reed
DC-Area Teachers Spend 30% of Their Income on the Mortgage
A general rule of thumb is that people should spend no more than one-third of their income on housing costs. A new report out this week reveals that teachers in the DC region are bumping up against the upper end of that benchmark.
The report from Zillow finds that teachers in the middle part of their career in the DC region spend about 30 percent of their income on the monthly mortgage. That percentage changes based on how long a teacher has been teaching: teachers just starting their careers spend 37 percent of their income on the mortgage while the percentage goes down to 23 percent for veteran teachers.
For the report, Zillow analyzed salary and income data for a selection of full-time working public preschool, kindergarten, elementary school, middle school, high school and special education teacher categories from the American Community Survey.
See other articles related to: teachers
This article originally published at https://dc.urbanturf.com/articles/blog/dc-area-teachers-spend-30-of-their-income-on-the-mortgage/15810.
Most Popular... This Week • Last 30 Days • Ever

There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »

A recent build in Anacostia made history as the first code-compliant bamboo building ... read »

The development will be located a few blocks south of the Takoma Metro station.... read »

The Costco apartments; a big investment in redevelopment around FedEx Field; and are ... read »

The new development along South Capitol Street includes a new amenity for UrbanTurf: ... read »
- Apartments, Amphitheaters, and Dave Chapelle: The Revised Proposals For DC's Reeves Center
- The Week's Find: The Grass House in Anacostia
- All Three-Bedrooms: Douglas Development Plans Missing Middle Project in Takoma
- Thursday's Must Reads
- Podcasts and Pianos: 350-Unit Apartment Project Pitched Blocks North of Nats Park
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro