Economy
More on What’s Left Over After Paying for Housing – Income Edition
Which cities come out on top when we look at a broader definition of wealth
Matt Yglesias commented on my post last week on the amount of wages left over after paying for housing. He noted that the analysis:
My colleague Charlotta Mellander re-ran the analysis using the per median household income (via the American Community Survey) of metros in place of wages and salaries. Income is a broader measure of overall wealth, including capital gains, rents, and transfers in addition to wages and salaries, and this provides a better measure of the overall effective demand for housing, though wage and salaries remain a better measure of underlying regional productivity and value-creation.