$50K In Houston Equals $123K in NYC, study findsThis stat comes from a recent report from the Center for an Urban Future focused on the disappearing middle class in NYC. The Gothamist has a good blog post summarizing, including some nice graphs (#1 and #6 include Houston data). In the sixth graph, note that the average commute in Houston is only 2 minutes longer than the national average, far below NYC, and even beats Boston and LA.
"A new report from the Center for an Urban Future (whose previous report, "Attack of the Chains," sparked a bidding war between Fox and Warner Bros.) confirms the obvious: the so-called middle class can no longer afford to live in New York and are relocating in large numbers to the exburbs or far-flung cities like Houston, where $50,000 a year gets you the same standard of living as a $123,322 salary does in Manhattan. Don't scoff; Space City has theater, opera, ballet, air-conditioned skywalks, a Holocaust Museum—even a lively local weblog, just like the one you enjoy here!"Then again, the NY Times had a story this morning about how hard it is to live there on a mere $500K per year... (!!!)
Of course, there are plenty of stereotypical disparaging remarks about Houston in the comments, along with a smattering of defenders. I'd like to invite all my readers to get in there and defend our cosmopolitan hometown. Yes - hate to burst your bubble, New Yorkers - but Houston has plenty of culture and restaurants.
If you're interested, there are a lot of Houston stats in the report - just search for "Houston".
Here's one excerpt:
"Someone moving from Houston to Manhattan would pay 68 percent more for groceries, 447 percent more for housing, 54 percent more for utilities, 22 percent more for transportation and 38 percent more for health care."Wait, isn't density supposed to reduce costs vs. sprawl? At the very least for utilities and transportation?
Hat tip to HAIF.