New Report Puts a Price on Suburbia and Rental Housing in One U.S. City
Howmuch various Boston area neighborhoods are spending on total household
transport and housing bills. (Graphic: Center for Neighborhood
Technology)
Boston mayor Thomas Menino joined Rep. Stephen Lynch (D-MA) today for the release of a new Urban Land Institute (ULI) report that maps the combined housing and transportation burden of living in the metro area’s various neighborhoods.
Using a method similar to the "H+T" cost index unveiled last month
with the support of Obama administration officials, the ULI report
calculated how Bostonians’ area of residence affected their commuting
and housing costs. Overall, the ULI found that the average Boston
household spends 54 percent of its annual income, or $34,300, on
housing and transportation.
Not surprisingly, the center
city was found to be a hotbed of lower transport spending, thanks to
denser development and a thriving transit system — and when housing
and transport bills were combined (see above chart), the city remained
a more affordable option than any of the suburbs in its immediate
vicinity.
The ULI was careful to note that lower "H+T" costs
in the center of Boston were made possible by more than just walkable
urban design. From the report (emphasis mine):







