The Growing Cost of Place: Why Workforce Housing Matters in Austin

The Growing Cost of Place:Why Workforce Housing Matters in Austin
Presenter: Brian Kelsey
2010 Regional Forum on Workforce Housing
August 12, 2010
Austin, TX

Employment growth
Source: U.S. Bureau of Economic Analysis

Population growth
Source: U.S. Bureau of Economic Analysis

Income/wage stagnation
68% of jobs gained in Austin-Round Rock-San Marcos during 2002-2009 paid median wages below the overall median wage for the region ($18.27/hr). Comparable figure for the U.S. was 57% ($17.94/hr).
Source: U.S. Bureau of Economic Analysis, EMSI

Housing: Live, work, and play?
Median multiple is the ratio of median residential sales price (YTD 2010) to median annual wage by zip code.
Source: EMSI, Decision Data Resources, Austin Board of REALTORS

Brian Kelsey
512-731-7851
brian@civicanalytics.com
Special thanks to EMSI, Decision Data Resources, and Austin Board of REALTORS for making data available for this presentation.
http://civicanalytics.com
http://economicmodeling.com
@civicanalytics
facebook.com/brianjkelsey
http://www.decisiondata.net
linkedin.com/in/brianjkelsey
http://www.abor.com

The Growing Cost of Place: Why Workforce Housing Matters in Austin

by Civic Analytics LLC on Aug 11, 2010

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The Growing Cost of Place: Why Workforce Housing Matters in Austin — Presentation Transcript