Housing 101

According to a recently released study by the Center for Housing Policy, the median price of a home in the U.S. increased from $186,000 to $225,000, or 20 percent. Meanwhile, wages for key community workers (elementary school teachers, police officers, nurses, retail salespersons and janitors) in the majority of cities nationwide remained flat.

The Center has set up an on-line seachable database of housing and wage info for metropolitan areas, so only Front Range communities are included from Colorado. For folks in Western Slope communities, the information is interesting nontheless.

Turns out that Pueblo is the only metro area on the Front Range where elementary school teachers and police offiers make enough (~$45,000) to afford the median priced home ($116,00). In Colorado Springs, Ft. Collins, Denver, and Boulder. Elementary teachers and police officers need to make $13,000 more in Colorado Springs and $44,000 more in Boulder to afford the median priced homes in those communities ($180,00 and $285,000 respectively). The situation is probably more dire in resort communities where median housing prices are in the $300K – $500K range.

There has been a lot of concern and frustration with the quality of education in the state. Seems that the problem may be more than what is happening in the schools.


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