How much do workers earn in North Texas?
- Greater Dallas AMFI 2002 was $60,800
- DISD teacher salary with 10 years experience is $33,730 (minimum)
- Water meter reader for city earns $23,260 (minimum)
How much rental housing can these workers afford?
- DISD teacher earning $33,730 can afford to spend around $840/month on all housing expenses
- A city water-meter reader earning $23,260 can afford to spent $580/month on all housing expenses
- HUD?s Fair Market Rent for Dallas County in 2004 was $871/month.
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Do homeowners suffer from the lack of affordable housing?
Nationally, along with the homeownership boom of the 1990?s, affordability problems for homeowners increased:
- From 1990 to 2000, the number of homeowners using more than half their income for housing jumped from 2.8 million to 4.2 million in the U.S.
- This is a 52% increase, and represents 2.5 times the pace of overall homeowner growth, indicating that more people are buying homes that they cannot afford
How does North Texas compare to the rest of Texas?
- In 2004, Texas had 660,000 renter households earning less than 50% AMI who cannot afford the FMR for a 2-brdm
- 171,000 of these households are in the Dallas/Ft.Worth/Arlington area
- Over 25% of those suffering most acutely from the affordable housing shortage are in the Dallas metro area
Which populations are the most vulnerable?- In 2003, state and local agencies on the Texas Community Needs Survey replied that the most vulnerable populations in the housing shortage are the low-income elderly, followed by the very-low-income population (earning >30% AMI)
- In the same survey, 74% of agencies described North Texas as suffering from a ?severe or significant affordable housing shortage?
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Why aren?t homes affordable anymore?
- In 1991, the average home sale price in Dallas was approximately $70,000; in 2004, the average price was $191,600.
- The Dallas? current median home price is also out of reach at $145,000.
- Median home prices in Dallas have risen, but median income has fallen from $37,628 in 1999 to $36,678 in 2003.?
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How do these factors affect families and others?
- 22.4% of households in Dallas spend more than 30% of their income on housing; more than a third spend 50% or more.
- In Dallas alone, almost half of residents are renters while nationally almost three-fourths of the population own their own homes.?
- Civic employees like teachers, police officers, and firefighters who work in the city often cannot find decent, affordable housing within the city of Dallas.???
- The most vulnerable populations in the housing shortage are the low-income elderly, followed by very low-income populations.
- A minimum wage worker must work 108 hours per week to afford a 2-bedroom apartment at Fair Market Rent.
2005 Texas Rankings
Office of the Texas Comptroller
State Government Taxes and Spending
- 49th Tax Revenue Raised
- 49th Total Expenditures
Per Capita Spending on
- 45th Public Health
- 46th Mental Health
- 49th Water Quality
Education
- 50th High School Graduation Rates
- 48th SAT Scores
State of the Child
- 1st Child Population Growth
- 1st Percentage of Uninsured Children
- 48th Spending on Child Protection
Health Care
- 50th Percentage of Population with Health Insurance
- 50th Percentage of Insured Low-Income Children
- 48th Percentage of Poor Covered by Medicaid
- 45th Rate for Substance Abuse Treatment is Received
Health and Welfare
- 7th Poverty Rate
- 2nd Percentage of Population that goes Hungry
- 3rd Percentage of Population that is Malnourished
- 47th Amount of Welfare and Food Stamp Benefits
- 49th Number of WIC Recipients
Women's Issues
- 2nd Birth Rate
- 2nd Teen Birth Rate
- 37th Prenatal Care
Environment
- 1st Toxic and Cancerous Manufacturing Emmissions
- 1st Number of Clean Water Permit Violations
Workforce
- 9th Unemployment
- 46th Average Hourly Rate
- 43rd Income Distribution Inequality
- 50th Government Employee Wages
Public Safety
- 1st Number of Executions
- 1st Number of Gun Shows
- 2nd Rate of Incarceration
- 5th Total Crime Rate
- 11th Violent Crime Rate
- 1st Number of Registered Machine Guns
Democracy
- 44th Percentage of Eligible Voters that are Registered
- 47th Percentage of Eligible Voters that go to the Polls