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Typical families in the United States spend half of their income on housing and childcare, according to a report released on Aug. 17 from the real estate platform Redfin.
Based on data from Redfin and childcare marketplace Winnie, the typical working family purchasing a home today spends 52 percent of their annual income on housing and childcare combined.
While these costs can decrease as children enroll in public pre-K or kindergarten, researchers say that where a family resides can significantly influence these costs.
Among the 100 most populous U.S. metros, working families residing in Little Rock, Arkansas, would spend less than 40 percent—the least in the country….
Based on data from Redfin and childcare marketplace Winnie, the typical working family purchasing a home today spends 52 percent of their annual income on housing and childcare combined.
While these costs can decrease as children enroll in public pre-K or kindergarten, researchers say that where a family resides can significantly influence these costs.
Among the 100 most populous U.S. metros, working families residing in Little Rock, Arkansas, would spend less than 40 percent—the least in the country….
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