SAN DIEGO (KGTV) -- A report shows that owning a home in San Diego is nearly out of reach for teachers, first responders and restaurant workers.
The Trulia study found that restaurant workers can only afford 0.4 percent of available homes while teachers can only afford just under 10 percent of homes available.
First responders can afford 14 percent of homes while doctors can afford nearly 69 percent of available homes.
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“Wages have not kept up with housing costs in San Diego and it’s especially hurting the people who serve our communities,” a spokesperson for Trulia said.
Currently, San Diego’s median home list price sits at $642,700, an increase of 5.5 percent over last year.
In California as a whole, even six-figure salaries are no match for home prices, according to the report.
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In San Jose, where the median home price is $1,087,500, doctors earning more than $200,000 per year can only afford about half the homes in the market, Trulia says.
Even highly-paid first responders along the California coast struggle to afford housing.
According to the report, first responders, firefighters and police in San Jose, earn roughly $122,000 a year, but can only afford to buy 10.6 percent of available homes.
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Although the report paints a bleak picture of housing affordability in the Golden State, it also points out that there could be relief in sight.
The report says that the housing market is showing signs of cooling, but there is still a long way to go before those who serve the community are no longer worried about being able to afford to live where they work.
