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Houston is less affordable than NYC


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 1 month ago '18        #1
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Kodack sixnine  topics gone triple plat - Number 1 spot x25
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Houston is less affordable than NYC
 

 


For decades, Houston has been a city with one of the nation’s most pragmatic sales pitches: Move here for big-city opportunities at a small-city price. Not a fan of swarming mosquitoes, punishing hurricanes, and soul-melting moisture? What if I told you that you could barricade yourself away from all three inside a sprawling single-family home on one acre near good schools and golf courses for under $200k? Still not sold? Two words: “backyard grotto.”


Unfortunately for prospective Houstonians, a crucial downside to all that sprawl has arisen, one that has nothing to do with catastrophic flooding. While the seemingly endless suburban growth has traditionally offered the city the veneer of affordability, the sprawl has also spiked transportation costs, so much so that the city’s combined transportation and living costs now place it on par with New York City (cue the early nineties Pace Picante sauce commercial).

That’s one of the big takeaways from a new report by the Citizens Budget Commission, a nonprofit civic organization that crunched 2016 housing and transportation data from the U.S. Department of Housing and Urban Development.

Monthly median housing costs in Houston in 2016 (the most recent year data was available) were $1,379, nearly $400 less than New York City. However, median transportation costs were $1,152, a figure 38 percent higher than for New Yorkers. In total, the study found, living in Houston was only $79 cheaper each month than New York.

Furthermore, when considering housing and transportation costs as a percentage of income, Houston (and Dallas–Fort Worth, for that matter) appear significantly less affordable than cities with much more expensive housing, including New York, San Francisco, Chicago, and Boston. The annual median household income in Houston was just under $61,000 in 2016, while in New York that same figure was just over $69,000. As a result, Houstonians spend just under 50 percent of their income on those combined costs, whereas New Yorkers spend just over 45 percent.


Last edited by Kodack sixnine; 01-20-2020 at 04:14 PM..
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 1 month ago '17        #2
Hakeem 
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+7   

 1 month ago '09        #3
McmasterlockPt2 
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Most of the Country is cheaper than NYC
+6   

 1 month ago '14        #4
strungout  topics gone triple plat - Number 1 spot x3
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 McmasterlockPt2 said
Most of the Country is cheaper than NYC
which is why new york is often used as the crossbar .......
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 1 month ago '18        #5
Kodack sixnine  topics gone triple plat - Number 1 spot x25 OP
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 McmasterlockPt2 said
Most of the Country is cheaper than NYC
Not true. But honestly I would much rather live in a fun city with lots to do and see than a boring a*s place that is ďaffordableĒ
-14   

 1 month ago '07        #6
Damagegadget  topics gone triple plat - Number 1 spot x1
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 Kodack sixnine said
Not true. But honestly I would much rather live in a fun city with lots to do and see than a boring a*s place that is ďaffordableĒ
sure, but most people I know like In SF, are working like 5+ jobs..where do you find time for all the fun...why not live somewhere cheap and be able to save for travel
+24   

 1 month ago '07        #7
N.O.4Life  topics gone triple plat - Number 1 spot x3
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 Damagegadget said
sure, but most people I know like In SF, are working like 5+ jobs..where do you find time for all the fun...why not live somewhere cheap and be able to save for travel
Exactly.I know a chick that lives near SF and she makes real good money and still need a roommate Iíd rather stay down south where land is cheap,then break my back working a million jobs just to make ends meet.That sh*t isnít healthy
+23   

 1 month ago '07        #8
N.O.4Life  topics gone triple plat - Number 1 spot x3
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I don’t get what this article is trying to say.Are they saying cost of transportation is higher so it even out to being the same?If that’s what they’re saying that’s false as well
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 1 month ago '18        #9
Kodack sixnine  topics gone triple plat - Number 1 spot x25 OP
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 Damagegadget said
sure, but most people I know like In SF, are working like 5+ jobs..where do you find time for all the fun...why not live somewhere cheap and be able to save for travel
Then they arenít doing it right. If you live in SF you need to have a high paying tech job.
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 1 month ago '17        #10
lucifershammer 
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Doesn't matter

Both cities are going to be underwater soon
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 1 month ago '08        #11
Nut-In-Honeys 
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In total, the study found, living in Houston was only $79 cheaper each month than New York
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 1 month ago '18        #12
Kodack sixnine  topics gone triple plat - Number 1 spot x25 OP
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 lucifershammer said
Doesn't matter

Both cities are going to be underwater soon
Not in our lifetimes
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 1 month ago '15        #13
TayloredSince83 
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Don’t believe this sh*t at all
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 1 month ago '15        #14
isthistobe  topics gone triple plat - Number 1 spot x2
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 TayloredSince83 said
Donít believe this sh*t at all
Isnít gas like $2 in Texas

I donít believe this sh*t either
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 1 month ago '15        #15
The South 
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 Kodack sixnine said
Then they arenít doing it right. If you live in SF you need to have a high paying tech job.
There is more to the bay then tech. Money out there for everyone in all sectors. Even the cats I knew working outside was eatin.

 1 month ago '15        #16
majorpain1963 
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They are trying to claim the cost of owning a vehicle in Houston is damn near the same as public transportation in NY.

Doesn't account for the fact there is public transportation in Houston or general cost of living being less.. just filled the truck up tonight for $2.05

��
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 1 month ago '18        #17
TheLuminousOne 
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At least we get a good size living space. We get more for our buck. Houstonian who used to be a native New Yorker
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 1 month ago '04        #18
skillahmang 
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Love Yourz
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 1 month ago '19        #19
pharoahX 
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+10   

 1 month ago '19        #20
pharoahX 
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the traffic is some bullsh*t though, my commute right now is 20 min both ways but I see them fools on 59S stuck trying to go home looking sad af, I can do maybe two more years here then I gotta go.
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 1 month ago '18        #21
Kodack sixnine  topics gone triple plat - Number 1 spot x25 OP
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 majorpain1963 said
They are trying to claim the cost of owning a vehicle in Houston is damn near the same as public transportation in NY.

Doesn't account for the fact there is public transportation in Houston or general cost of living being less.. just filled the truck up tonight for $2.05

��

What? You mean the bus system that isnít on time and no subway system?
+3   

 1 month ago '18        #22
Turfaholic3 
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This is America. California exodus is wreaking havoc on everybody.
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 1 month ago '04        #23
TaeTae 
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I'm from New York and I live in Houston now and there is no way this is true... Yes we need a car to get around but gas is 2.15 right now and there's nothing cheaper in New York then there is here. I love like a king here house note is 1600 a month in New York I'd be living in a basement for that. My closet is bigger then apartments in New York.... Its still where my heart is I'll visit yeary but would never move back
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 1 month ago '15        #24
majorpain1963 
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 Kodack sixnine said
What? You mean the bus system that isnít on time and no subway system?
I don't know. I don't take the bus.

I know plenty of people that use the monorail though.
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 1 month ago '04        #25
nicoled985 
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This is definitely not true. I was going to move there a few years ago but decided not too.



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