From Highly Educated Workaholics to Minimum-Wage Workers, Fixr Reveals Affordability of 32 Cities in Texas - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

From Highly Educated Workaholics to Minimum-Wage Workers, Fixr Reveals Affordability of 32 Cities in Texas

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Fixr

WILMINGTON, Del., July 10, 2014 /PRNewswire/ -- New affordability rankings by Fixr, a home-improvement community, reveal that demographical household earnings and expenses vary vastly between the 32 largest cities in Texas.

Fixr's affordability atlas and rankings for the Lone Star State, now visualized at Fixr.com/TX, draw on data from the Bureau of Labor Statistics, and calculate annual household incomes and realistic costs of living for young familiesworking-class householdsmiddle-class couplesupper-middle-class familiesstay-at-home-parenting householdshighly educated workaholicssingle freelancersyoung workers and minimum-wage workers in the cities in Texas with populations of 100,000 or more residents. The state-of-the-art tools also feature an affordability calculator that lets households easily estimate personalized costs of living based on their actual professions, household incomes and living situations.

"Our rankings are specific to very well-defined demographics, and this makes a tremendous difference for people planning their personal and professional budgets and lifestyles," said Andres Torrubia, CEO of Fixr.com. "With this level of personalization, you can quickly project your cost of living, and explore our many interactive maps that show affordability of specific neighborhoods in each city."

Key findings in affordability of 10 largest cities

  • Houston tops the affordability rankings for both upper-middle-class families and stay-at-home-parenting households, who can afford more than 90% of suitable housing in the city. Also, Houston ranks second for young families, with affordability ranging from 80% to 90%.
  • San Antonio, the third-most affordable large city for middle-class couples, is ranked with its lowest affordability percentages at No. 8 for both young workers and highly educated workaholics.
  • Dallas, where the affordability of suitable housing exceeds 50% for every demographic other than minimum-wage workers and young families, ranks at No. 3 for both working-class families and young workers.
  • Austin, which ranks at No. 3 in affordability for young families, is least affordable for both middle-class couples and minimum-wage workers.
  • Fort Worth ranks as most affordable for middle-class couples, with affordability of more than 90%, as well as the second-most affordable for single freelancers, young workers and minimum wage workers, all of whom can afford between 40% and 50% of suitable housing in the city.
  • El Paso ranks at No. 1 for single freelancers, young families and minimum-wage workers, all of whom can afford between 50% and 60% of suitable housing. El Paso ranks as the least affordable large city for highly educated workaholics, who generate less annual disposable income there than in any other large city.
  • Arlington ranks first for young workers, second for working-class families and young workers, and third for single freelancers and minimum-wage workers.
  • Corpus Christi is the least affordable large city for working-class families and young workers, but ranks first for highly educated workaholics, who generate more annual disposable income there than in any other large city.
  • Plano ranks as the least affordable large city for young families, as well as the second-least affordable large city for minimum-wage workers.
  • Laredo ranks as the second-most affordable large city for both upper-middle-class families and highly educated workaholics, but it is the least affordable large city for single freelancers and stay-at-home-parenting households.

Key findings in affordability of 22 midsize cities

Fixr's rankings of the Lone Star State's 22 midsize cities, where populations range from 100,000 to 240,000 residents, show that Wichita FallsKilleen and Abilene are the only cities where the affordability of housing exceeds 90% for all nine of the demographical households. Midland and Odessa, whose affordability ranks in the lower half among midsize cities for all households, are the state's costliest cities, where the annual costs of living exceed the incomes of working-class families, minimum-wage workers, young families and young workers.

Methodology and data

Fixr's interactive maps and accompanying analysis calculate the percentages of affordable housing preferred by each of the demographical households in the 32 greater areas in Texas. The cities are grouped into affordability brackets, based on annual earnings and expenses, and ranked according to discretionary income (earnings remaining after covered expenses). Annual household income draws on data from the Bureau of Labor Statistics; and the realistic cost of living derives from our formula of seven factors-housing, food, utilities, child care, taxes, health care and transportation. The full methodology is available here.

Journalists can request the raw data of the research from Fixr in a spreadsheet by emailing the address below.

Presentation at Bureau of Labor Statistics

The BLS has selected Fixr to present its research Jul. 15-18 at the Consumer Expenditure Survey (CE) Microdata Users' Workshop and Survey Methods Symposium in Washington, D.C. More information about the event is available here.

About Fixr

Founded in 2008, Fixr.com is a national service that connects consumers seeking cost estimates about local businesses. More than 40,000 services professionals are a part of the network. The Texas Affordability Atlas is the latest addition to Fixr's catalogue of consumer resources. Before the atlas, Fixr created more than 100 cost guides for the most popular home improvement projects, such as kitchen remodeling and swimming pool construction.

©2012 PR Newswire. All Rights Reserved.