Jobs that shut the door on buying
A Top 10 list of workers by occupation who can’t afford California homes was compiled recently by the Rural Community Assistance Corp.
Based on income figures from the Bureau of Labor Statistics and California Assn. of Realtors home prices, the nonprofit ranked occupations that have incomes that make it tough to qualify for the mortgage needed for a median-priced home.
Homeownership was furthest out of reach for fast-food workers, followed by cashiers, building maintenance workers, administrative assistants, truck drivers, construction workers, nurses, firefighters, teachers and police officers. The list used the April statewide median home price of $562,380. An income of $127,950 would be needed to qualify for such a purchase.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
