Redfin says housing and childcare take 52% of working families' income nationwide

Redfin said the typical working family buying a home in the U.S. today would spend about 52% of annual income on housing and childcare combined, with affordability varying sharply by metro area. Using Redfin housing data and Winnie childcare data, the company estimated the annual cost of homeownership and childcare for one child across the 100 largest U.S. metros and compared that with median local household income. Little Rock, Arkansas, was the most affordable market in the ranking at 39.8% of income, while Los Angeles was the least affordable at 96.8%. Redfin also said it has partnered with Winnie, a childcare marketplace, so homebuyers can see nearby daycare and preschool options on each for-sale listing. The report said affordability can shift over time as children age into kindergarten or public pre-K (government-funded preschool), and as subsidies or local programs reduce out-of-pocket childcare costs.

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