Doing Your Own Paycheck to Paycheck Analysis
Step-by-Step Instructions
Step 4: Create Charts
Step 4: Create Charts
Paycheck to Paycheck data can tell a compelling story about housing affordability in your community. Consider creating charts to illustrate your findings.
(1)
On the homeownership chart, show the income needed to qualify for the median-priced home as compared to what workers in selected occupations actually earn.
(2)
On the rental chart, show the amount per hour a worker needs to earn to afford to rent a one- or two-bedroom home—that is so rent does not exceed 30 percent of income. Compare this to median hourly wages actually earned by workers in selected occupations.
For sample charts, go to the
Paycheck to Paycheck Database.
