As a result of growing housing expenses, the San Francisco school district urges parents to rent out their extra rooms to teachers. The average one-bedroom apartment now costs $3,000 per month, an increase of 11%.
Milpitas Unified School District near San Jose has 941 employees and some of the nation’s highest rents.
A one-bedroom apartment now costs an average of $3,017 per month, suggesting that even the highest-paid teachers earning $111,410 per year cannot afford the rent.
The lowest-paid teachers, earning $67,163, could only afford to rent an apartment for a maximum of $1,679, which is unaffordable in the area.
Superintendent of Milpitas Unified School District, Cheryl Jordan, stated that rental costs were discouraging prospective teachers.
The district has requested parents to rent extra rooms to teachers; 34 families have expressed interest in participating.
The average cost of a one-bedroom apartment in the San Francisco Bay area has surpassed $3,000 a month, prompting a school district to ask parents with extra space to consider renting it to teachers.
The Milpitas Unified School District, which stretches from San Jose to Fremont along the edge of Silicon Valley, employs 941 people, but struggles to retain teachers due to a lack of affordable housing.
Teachers in the district earn between $67,163 and $111,410 per year, so even the highest-earning teachers do not qualify for the $3,000-per-month rent.
Most landlords demand tenants to earn 40 times the monthly rent; therefore, the highest-earning tenant may rent a property for $2,785, while the lowest-earning instructor could only rent an apartment costing $1,679.
Superintendent of Milpitas Unified School District Cheryl Jordan stated that the leasing expenses were discouraging prospective teachers.
She said, ‘We’ve missed out on a few prospective employees because, once they see how much it costs to live here, they decide it’s just not practical.’
Superintendent of Milpitas Unified School District Cheryl Jordan has urged parents to rent their extra rooms to teachers.
Milpitas, on the outskirts of Silicon Valley, is one of the most expensive places to live in the United States.
The school system informed parents via a school communication app that seven instructors left the district last school year for more affordable towns outside the region.
She stated that 34 individuals have expressed interest in offering a room or modest space on their home for our educators if necessary.
The district intends to collaborate with local organizations to give low-interest house loans to teachers and city employees, as well as to create affordable homes.
Currently, the average one-bedroom apartment in Milpitas is $3,017 per month.
The school board said that economic conditions and interest rates have increased the cost of developing new homes by more than 25 percent, which has further pushed up the cost of renting.
According to Rent Cafe, the average one-bedroom apartment in Milpitas is $3,017 per month.
Nearby Menlo Park, where Facebook is headquartered, is one of the most expensive regions in the country, with a one-bedroom going for $4,158.
Los Angeles is $2,734 while San Francisco is $3,397.
The average rent for a one-bedroom apartment in Manhattan is now $4,265 per month, increasing to $5,800 in Tribeca.