DENVER BUSINESS JOURNAL — When it comes to the nation's top 28 markets, Denver ranks as the least affordable market for teachers, according to a Redfin report.
With an average salary of $54,500, teachers can only afford 0.3 percent of Denver's homes, according to the report. That's the lowest of all 28 cities that Redfin ranked.
With that $54,500 salary, Redfin estimates that teachers can afford to buy a home with a maximum price of $170,000, which is tough to do in today's Denver's housing market.
Redfin's report indicates that Pittsburgh is the nation's most affordable market for teachers. With an average teachers salary of $62,600, teachers there can afford 39 percent of the homes for sale.
Detroit (35.4 percent), Cleveland (33.4 percent), St. Louis (29 percent), and Philadelphia (25 percent) round out the nation's top five affordable markets for teachers.
READ MORE IN THE DENVER BUSINESS JOURNAL: https://bit.ly/2rqOcvl