Housing Affordability Versus Location Affordability: The Rent’s Too Damn High! But the Metrocard Is a Pretty Good Deal
This policy brief focuses on housing and transportation costs in New York City. It looks at the Location Affordability Index as determined by the U.S. Department of Housing and Urban Development (HUD) and compares New York City household costs to those in 21 other large cities. It is found that New York City's low transportation costs help to balance out the higher housing prices, making New York City more affordable than many other cities.
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Corporate Authors:
Citizens Budget Commission
540 Broadway, Fifth Floor
Albany, NY United States 12207 -
Authors:
- Jain, Rahul
- Brecher, Charles
- Publication Date: 2014-8
Language
- English
Media Info
- Media Type: Digital/other
- Edition: Policy Brief
- Features: Figures; References;
- Pagination: 7p
Subject/Index Terms
- TRT Terms: Costs; Housing; Income; Large cities; Location; Public transit; Transportation
- Geographic Terms: New York (New York)
- Subject Areas: Economics; Transportation (General); I10: Economics and Administration;
Filing Info
- Accession Number: 01544611
- Record Type: Publication
- Files: TRIS
- Created Date: Nov 24 2014 3:28PM