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  2. Board Of Aldermen - Minutes - 10/27/2020 - P22

Board Of Aldermen - Minutes - 10/27/2020 - P22

By dnadmin on Sun, 11/06/2022 - 22:56
Document Date
Tue, 10/27/2020 - 00:00
Meeting Description
Board Of Aldermen
Document Type
Minutes
Meeting Date
Tue, 10/27/2020 - 00:00
Page Number
22
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_m__102720…

Employment and Wages

LOWEST PAYING JOBS IN NASHUA CANNOT AFFORD RENT OR
HOME PURCHASE AT NASHUA’S MEDIAN PRICES.

* 31% of employees in Nashua’s top ten largest
employment sectors can't afford units at those
prices

« Jobs in these sectors are projected to continue to
grow in Nashua

¢ Implications for affordability, transportation, and
other household spending categories

ASSOCIATES INC

What Can Different Jobs/Earnings Afford in Nashua?

Source: EMS! 2020, HUD, RKG Associates

Earnings Chart

$135,000

Manufacturing
$425,000 Home

$3,208 Rent ff $120,000

$105,000
Government
$253,000 Home
$1,913 Rent —FT $90,000
Construction $75,000
$238,000 Home
$1,792 Rent —
$60,000
Admin Support Serv.
$198,000 Home
$1,491 Rent $45,000
$30,000
Accommodation/ $15,000
Food Services
$83,000 Home

$628 Rent

Prof/Tech/Science
$403,000 Home
$3,037 Rent

Healthcare
$242,000 Home
$1,829 Rent

Educational Services
$201,000 Home
$1,522 Rent

Retail
$138,000 Home
$1,039 Rent

Other Services
$119,000 Home
$900 Rent

Page Image
Board Of Aldermen - Minutes - 10/27/2020 - P22

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