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Relate housing costs to homelessness and use the graph as a reference.

Relate housing costs to homelessness and use the graph as a reference.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter4: Labor And Financial Markets
Section: Chapter Questions
Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...
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Relate housing costs to homelessness and use the graph as a reference. 

 

Figure 2 Homelessness Is Far Higher in Areas Where Rents Are Higher Homelessness per 10,000 residents and median rent levels in eight cities in 2022 Homelessness per 10,000 residents in 2022 San Francisco New York City Los Angeles District of Columbia Memphis Milwaukee Pittsburgh Houston San Francisco New York City Los Angeles District of Columbia Memphis Milwaukee Pittsburgh Houston 0 5 $0 9 10 11 20 30 40 50 Median rent in January 2022 $1,189 $1,025 $1,035 $1,000 60 $1,244 66 66 70 73 80 $1,880 90 $1,971 $1,781 $2,160 95 $500 $1,500 $2,000 $2,500 Sources: Homelessness data comes from the Department of Housing and Urban Development's 2022 Point- in-Time estimates. Population data comes from the 2021 American Community Survey (ACS) one-year population estimates from the U.S. Census Bureau. Rent levels come from Apartment List's Rent Estimates data in January 2022, downloaded on June 15, 2023. City names refer to the Continuum of Care (CoC) covering the city, which sometimes spans the county encompassing the city. When a CoC was comprised of multiple counties, rent data for the largest county in the CoC was used. ©2023 The Pew Charitable Trusts 100
Transcribed Image Text:Figure 2 Homelessness Is Far Higher in Areas Where Rents Are Higher Homelessness per 10,000 residents and median rent levels in eight cities in 2022 Homelessness per 10,000 residents in 2022 San Francisco New York City Los Angeles District of Columbia Memphis Milwaukee Pittsburgh Houston San Francisco New York City Los Angeles District of Columbia Memphis Milwaukee Pittsburgh Houston 0 5 $0 9 10 11 20 30 40 50 Median rent in January 2022 $1,189 $1,025 $1,035 $1,000 60 $1,244 66 66 70 73 80 $1,880 90 $1,971 $1,781 $2,160 95 $500 $1,500 $2,000 $2,500 Sources: Homelessness data comes from the Department of Housing and Urban Development's 2022 Point- in-Time estimates. Population data comes from the 2021 American Community Survey (ACS) one-year population estimates from the U.S. Census Bureau. Rent levels come from Apartment List's Rent Estimates data in January 2022, downloaded on June 15, 2023. City names refer to the Continuum of Care (CoC) covering the city, which sometimes spans the county encompassing the city. When a CoC was comprised of multiple counties, rent data for the largest county in the CoC was used. ©2023 The Pew Charitable Trusts 100
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