Nationwide, the typical working family buying a home today would spend roughly half (52%) of their annual income on housing and childcare combined. But where a family lives can dramatically change how much of their budget goes toward these two major expenses.
Using data from Redfin and Winnie, the largest marketplace for childcare and early education in the U.S., we estimated the typical annual cost of buying a home today along with childcare for one child, and compared that to the median local household income for the nation’s 100 largest metro areas. Please see the end of this report for more on methodology.
Working families in Little Rock, AR spend just 39.8% of their income on housing and childcare combined–the lowest share among the 100 most populous U.S. metros. Housing and childcare cost the typical Little Rock working family $29,151 per year, compared with a median local income of $73,170.