Ever wonder how really affordable your house or apartment is? So have I and the Housing and Transit Affordability Index will show you the numbers. Based solely on rent cost, my apartment is fairly affordable, at 17% of my income. However, if you add in transportation costs, it more than doubles, to 40% of my income.
 |
|
H+T Affordability Index: Seattle–Bellevue–Everett, WA: Comparing Housing Costs, % Income for Renters to Housing + Transportation Costs, % Income for RentersThe Housing + Transportation Affordability Index is an innovative tool that measures the true affordability of housing based on its location.
|
2125 W North Ave, Chicago, IL 60647 · Tel: (773) 278-4800 · Fax: (773) 278-3840
If I compare the annual cost of driving to work versus the annual cost of transit, I find that I’m saving a ton by working from home and taking the bus whenever I can. The difference is amazing: $51 for transit a year, versus $2,048 for a car per year. The cost of transit is spread out across all riders, while the cost of operating your car is solely in your hands and your pocketbook. It costs more to own a car than to take the bus.
 |
|
H+T Affordability Index: Seattle–Bellevue–Everett, WA: Comparing Annual VMT Cost ($) to Annual Transit Cost ($)The Housing + Transportation Affordability Index is an innovative tool that measures the true affordability of housing based on its location.
|
2125 W North Ave, Chicago, IL 60647 · Tel: (773) 278-4800 · Fax: (773) 278-3840
[...] Interactive Housing & Transportation Affordability Maps Agent Genius – March 24, 2010 Housing and Transportation Affordability Index Living Sustainably – March 24, 2010 Housing and Transportation Yglesias – March 24, [...]