3.8.16

States with High Teacher Salaries and Low Median Home Price



Lowest Median Home Price vs. Highest Paid Teachers


Do you want to know which states are best for teachers and first time home buyers? I compared the median home price and average teacher salary and found that these four states may have the best opportunities for teachers looking to purchase a home.


Median home price doesn’t tell you how much the house may increase in value. It doesn’t tell you if the market is hot or cold. Median home price only tells you the middle of the road cost of owning a home in this state.



Rank
State
Average Teacher Salary
Median Home Price
1
Michigan
$61,560
$144,000
2
Pennsylvania
$62,994
$190,000
3
Delaware
$59,679
$209,000
4
Illinois
$59,113
$215,000
Where does Calfiornia fit in? The median home price is $427,000 and the average teacher salary is $69,000. Basically, houses are twice as expensive and the salary is about 10% or 15% higher than the four winners on this page. For a teacher to buy a house in California, he needs to marry a doctor or lawyer.



References:
http://www.teacherportal.com/teacher-salaries-by-state/