DC-Area Teachers Spend 30% of Their Income on the Mortgage
✉️ Want to forward this article? Click here.
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

As originally reported by The Wall Street Journal, the loftiness of the listing price... read »

In this article, UrbanTurf will explore some of the more common methods that parents ... read »

As we head into the weekend, UrbanTurf decided to take a closer look at how much home... read »

A large new apartment project is in the works for the Long Branch section of Silver S... read »

The development pipeline in the Tenleytown and AU Park neighborhoods has dwindled in ... read »
- $15 Million McLean Listing With A Swath Of Land Finds A Buyer
- How Can Parents Transfer Real Estate to Their Children?
- The 10-Year Trajectory Of DC-Area Home Prices In 4 Charts
- 148-Unit Double Winged Apartment Building Pitched In Silver Spring
- Stalled Or Full Steam Ahead: The 3 Developments In The Tenleytown and AU Park Pipeline
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. 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