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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 Source: U.S. Bureau of Economic Analysis, EMSI 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).
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
[object Object],[object Object],[object Object],Special thanks to EMSI, Decision Data Resources, and Austin Board of REALTORS for making data available for this presentation. http://economicmodeling.com http://www.decisiondata.net http://www.abor.com @civicanalytics http://civicanalytics.com facebook.com/brianjkelsey linkedin.com/in/brianjkelsey

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Brian Kelsey

  • 1. 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
  • 2. Employment growth Source: U.S. Bureau of Economic Analysis
  • 3. Population growth Source: U.S. Bureau of Economic Analysis
  • 4. Income/wage stagnation Source: U.S. Bureau of Economic Analysis, EMSI 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).
  • 5. 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
  • 6.