Justice
Where Millennials and the Working Class Can No Longer Afford to Live
A new Trulia report looks at which cities have the highest housing burdens.
As the knowledge economy becomes increasingly spiky, concentrated, and urban, some of America’s most expensive cities like New York, Los Angeles, San Francisco, Washington, D.C., and Boston have become even more unaffordable. But the burden of escalating housing costs is not spread evenly, hitting some groups harder than others. As the affluent and the talented crowd into these urban centers, less advantaged families, those who don’t yet own a home, and younger people have trouble staying in or moving to cities, and many are pushed out.
But which cities have the highest housing burdens? What groups are being hit hardest? And who is able to stay in America’s “superstar cities” and tech hubs?