Originally Posted by
SonicFlyer
I want to drive a Laomborghini, but I can't afford it so I don't.....I want to live in San Francisco, but I can't afford it, so I don't.
Look at the data I posted. The median household income requires people to find housing at unrealistically low costs. I have cost of living adjustments for various cities. If the median family moves to a cheap location, their income also drops.
Example: Cincinnati has a 22% cost of living advantage over the "average" city. The problem is the median household income is also less: $49,000. If the median family uses 25% of their net income, that gives them $900 a month for housing. That doesn't give the average family a lot of housing options. they are forced to live further from work, maybe they need 2 cars now, maybe they have to pick a bad school district.