Only 12.9 percent of Denver teachers can afford real estate here. For restaurant workers, it’s worse.

(Data via Trulia)
Denver is among the ten least affordable metros for teachers, according to a new analysis of 100 metropolitan areas from Trulia.
Only about 13 percent of Denver homes listed in early April were affordable on a teacher’s salary, based on their median income of $53,400 each year, the analysis found. For a double-income household, the margin goes up considerably, with roughly 65 percent able to afford a home.
Overall, Denver was the seventh-least affordable metro for teachers out of 100 major metropolitan areas, according to Trulia.
We can all recognize the value of educating children of Denver, but restaurant workers, another population that serves you, are even worse off. Less than half a percent of restaurant workers could buy a home with their median salary of $21,346. For a double-income household, it goes up to 6 percent.
If affordable homes are so out of reach for these professions, let’s suppose some of those teachers and restaurant workers rent their homes. They’ll need a down payment, and roughly 66 percent of Denver renters say that’s their biggest barrier, according to a survey from Zillow.
Correction: The headline of this post has been updated to reflect that nearly 13 percent of teachers can’t afford a Denver home.

Denver Public Library will reopen nine branches on March 9

You’ll have another 450 acres of prime Colorado real estate to frolic on when Denver adds its newest mountain park

One block in Denver’s COVID economy: The largely Latinx Westwood got help late in the pandemic, but businesses are holding strong

How Denver’s city elections might change

How can Denver recognize its once-thriving Chinatown?

Things to do in Denver this weekend, Feb. 26-28

Denver’s music venues, libraries, rec centers: Here’s what we know about what’s opening when

The Broadway bike ‘superhighway’ might be done sometime in 2023?

The city is considering funding an apartment complex that would offer services to unhoused people who have brain injuries

A pretty big tree comes down in Cherry Creek

Aurora police chief said trust between cops and residents is broken but declined to comment on punishment for officers involved in Elijah McClain’s death

How the CRUSH investigation came together, and why we reported it

Police will continue to patrol homeless sweeps, but Mayor Hancock wants civilians to play a larger role

Aurora police critically mishandled encounter with Elijah McClain before his death, independent report finds

Sexual assault allegations, violence, bullying: Women say Denver’s street art scene and its leaders have failed them

One block in Denver’s COVID economy: Older businesses on Welton Street are taking a hit

Denver’s mental health workers picket for higher pay as their services are more needed than ever

Things to do in Denver this weekend without spreading the coronavirus, Feb. 19-21

Denver’s weather is gauged some 17 miles away. The National Weather Service is trying to bring that reading a little closer to home.
