Teachers Can't Afford San Francisco Homes

Real estate listings reveal stark truth for educators

By Chris Roberts
|  Thursday, Feb 27, 2014  |  Updated 9:13 PM PDT
View Comments (
)
|
Email
|
Print
Dolores Park Partially Closing for Renovation

Show of hands: who can't afford to live here?

Photos and Videos

Dolores Park Partially Closing for Renovation

San Francisco’s Dolores Park, a giant and unique Mission District open space bathed in sunshine and hipsters, will partially close in the next two weeks up, as the city begins a $12.4 million restoration slated to last more than a year. Joe Rosato reports.
More Photos and Videos

Teachers have it bad in San Francisco.

Homes in the city by the Bay are unaffordable for teachers -- as in all homes are out of reach for educators, according to Businessweek.com.

A home priced at about $220,000 is affordable for a teacher, according to Redfin. But homes in San Francisco cost much more than that.

In fact, only 17 percent of all homes statewide are within reach for folks who teach, the website reported.

San Francisco teachers' pay has declined slightly as the city's real estate market has heated up beyond belief: teachers take home under $70,000 a year, Businessweek.com reported, and homes cost about $850,000.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out