Shannon Nickinson at the Studer Community Institute is reporting that the availability of affordable housing lags the pace of the demand in Pensacola. Pensacola, a metro of roughly half a million residents, is short several thousand housing units to meet demand, as national data finds the number of people squeezed to afford housing is on the rise.
That scenario is unlikely to improve in a broad way anytime soon, according to research released Dec. 10 by the Harvard Joint Center for Housing Studies.
It found that the number of people who are rent-burdened — paying more than 30 percent of their monthly income on rent — in America is higher than it’s ever been.
And it doesn’t bode well for our area. In Escambia County, 57.2 percent of people pay more than 30 percent of their monthly income on housing. In Santa Rosa County, it is 50 percent.
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Data shows the annual salary needed to afford a one- or two-bedroom apartment in the Pensacola area — and the annual salaries of six typical jobs in the market. (Center for Housing Policy and Habitat for Humanity/Special to The Pulse)