Fresno's Affordability Crisis: Skyrocketing Costs
Bakersfield News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Fresnos Affordability Crisis: Soaring Utilities and Housing Costs
Fresno, once a budget-friendly haven, is now grappling with skyrocketing utility and housing costs. Electricity rates have more than doubled in a decade, while home prices have tripled to an average of $380,000. Residents like Ashley Morales-Guerrero, who moved from the Bay Area, are struggling with electricity bills that have quadrupled. Median household income stands at $71,000, yet one-bedroom rents top $1,000. The cost of living is outpacing wage growth, with experts predicting further increases in electricity prices and housing costs. Fresnos future as an affordable city hangs in the balance.
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