Rizi Manzon lives in the heart of Silicon Valley, in a modest-looking neighborhood of garden apartments and one-story houses on small lots. His own home is five minutes from Apple’s headquarters in what is, by some measures, the most expensive housing market in the country. Average rent in Santa Clara County is over $3,500.
If Mr. Manzon, a culinary arts teacher at a nearby high school, had to pay market rates for his one-bedroom apartment, housing costs would eat up 75 percent of his $65,000 salary, he estimated.
Luckily for him, he pays just $1,450 per month.
