The Cost of the Commute
For years we have been moving to the suburban areas for lower prices, and in return we get longer commutes. With gas prices what they are what is the real cost of our suburban home? WorldChanging.org has a very interesting application on their site that shows you the real cost of your home, with the commute included. It is no doubt an interesting tool to use whenever moving to a new area, and especially a new city. The Center for Neighborhood Technology’s interactive map helps you see the real cost of an area. The CNT defines affordable as housing + transportation costs are less than (<) 45% of the median income of the area.
Those of us familiar with the Cincinnati real estate know that there are some areas covered here that tend to attract higher home prices, and people who can afford them. Using median income for the region may not be the best metric. If the number were based on zip code I would feel more comfortable with the map. However this certainly brings up a good point, that with gas at $3.35 a gallon location, location, location takes on a whole new meaning.
The Cost of the Commute - Cincinnati Living Online
The real cost of a commute via an interactive map.
[...] our commutes more efficient, and one trend that seems to be emerging is moving back into the city. The cost of the commute from the exurbs is beginning to add up and there are some attractive living options in closer-in [...]
[...] our commutes more efficient, and one trend that seems to be emerging is moving back into the city. The cost of the Cincinnati commute from the exurbs is beginning to add up and there are some attractive living options in closer-in [...]
[...] CBS2Chicago.com - April 18, 2008 A Better Affordability Index Discovering Urbanism - April 17, 2008 The Cost of the Commute Cincinnati Living Online - April 16, 2008 Measuring Housing Affordability: A Test Case Smart Growth [...]
well done, man