By Unknown, NPC Palm Springs

May marks Affordable Housing Month, bringing a renewed focus on the escalating cost of living in San Diego. A new report co-authored by the San Diego Housing Federation and the California Housing Partnership highlights the compounding financial pressures on local working families, showing that housing availability is falling drastically short of demand.

According to Ellen Jin, an economics professor at the University of San Diego Noss School of Business, San Diego ranks among the absolute most expensive cities in the United States to either rent or purchase a home. The latest data reveals that residents must earn roughly three times the local minimum wage just to maintain standard housing. This means an individual needs to make more than fifty dollars an hour to comfortably afford the average two-bedroom apartment in the region.