A quarter of teachers in Tampa Bay who are the primary wage earners in their households are “cost burdened,” a new study says.
Just over 25% of teachers in the Tampa area spend more than 30% of their income on housing or rent, rather than food, transportation, health care and other necessities, according to Apartment List, which analyzed 2017 data from the Census Bureau’s American Community Survey and the Bureau’s monthly Current Population Survey.
That hasn’t always been the case. In 1990, only 14% of teachers were considered cost-burdened, as compared to 17% of college-educated professionals who didn’t work in the education field, the study says. But as recently as 2017, that changed. By then, 20% of teachers were considered cost-burdened, as compared to 16% of non-teachers.
“As home prices and rents continue to rise, salaries for one of our most important professions have not kept pace in many parts of the country, creating a growing housing affordability crisis that has forced many teachers into financial hardship,” the Apartment List study says.
“This could have a tremendous impact on the future of the U.S. education system and highlights the disparities between teachers and those in non-teaching professions that have achieved similar levels of education.”
Tampa currently ranks No. 7 among the nation’s most “cost burdened,” according to a report released last month by the government-sponsored mortgage lender Freddie Mac. The study found Miami to be the most rent-burdened city in the U.S., followed by San Diego, Los Angeles, New York, Orlando, New Orleans and then Tampa.
Sorry for ruining Teacher Appreciation Week, everyone.
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This article appears in May 9-16, 2019.
