February 28, 2015
A city like Reno, with homes once thought of as reasonably affordable, has now become almost too expensive for its inhabitants to afford.
The median price of a home in the United States rose twenty percent in the last year and a half to 225,000. But the Center for Housing Policy found that nationwide, most low to middle income job wages have remained flat. Firefighters, for example, haven't seen much of a salary increase and remain at thirty seven thousand. Nurses saw a ten percent salary increase to thirty-six thousand.
According to the Center for Housing Policy, Reno's median priced home is 289,000. To afford that, experts say you'd need to earn more than 91-thousand dollars a year. But, so many people in the community fall short of that: teachers and police officers, less than half that.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.