|
|
Enews Archives ProJo story: Exorbitant housing costs hurting current, potential Rhode Island workers With the average rent for a two-bedroom apartment at $1,150 and the median home price over $280,000, it's easy to see how cost of living can outweigh quality of life. "(Companies) are forced to pay a premium or subsidize their employee's housing for the most highly competitive jobs... It's tough to get the really high-skilled talent and it's tough to keep," said Leonard Lardaro, an economics professor at the University of Rhode Island. Read the article.* URI considering affordable homes for faculty The median-priced home in South Kingstown last year cost $374,500, which requires an income of almost $120,000. According to the American Association of University Professors, the average faculty salary for an assistant professor at URI last year was $58,800. "We are limited by what we can financially afford to pay our faculty members, so we must have other ways of enticing the best faculty from across the country," said Robert Weygand, vice president of administration. Read more* about URI's preliminary ideas for the expansion.  |
 |
 |
 |
 |