February 10, 2015

How Many First Responders Own Homes?

First Responders Homeownership

The majority of firefighters, police and paramedics who put their lives on the line when disaster threatens our homes and family are also homeowners, according to a new Freddie Mac analysis of data from the U.S. Census and Bureau of Labor Statistics. The analysis looks at homeownership rates for different jobs and which of those professions are likely to grow the most through 2022.

Among the nation's First Responders, firefighters have the highest homeownership rate (82.5%), followed by police (74.8%), emergency medical technicians and paramedics (58.4%) and ambulance drivers (47.1 percent). The nation's average homeownership rate, as of the third quarter of 2014, was 64 percent.

The outlook for job growth among First Responders is also mixed. While the Bureau of Labor Statistics projects average job growth of 10 percent from 2012 to 2022, it estimates job openings for police and firefighters will only grow 5.9% and 6.6% respectively. On the other hand, growth is expected to soars for paramedics (23.1%) and ambulance drivers (31.1%).

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