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It's interesting that some of the highest and lowest after-rent salaries are in the Bay area. That's a pretty clear indicator of SF's constrained housing supply
by dougmwne 8y ago
It's interesting that some of the highest and lowest after-rent salaries are in the Bay area. That's a pretty clear indicator of SF's constrained housing supply in particular. It's also interesting so many low ranked after-rent cities are in Florida, which might reflect a strong desire to live there despite the lack of job opportunity.
- seanmcdirmid 8y agoTourism and service jobs just don’t pay well in general, which is why Florida gets dinged in these surveys.
- imh 8y agoIt's also relevant that SF is only 47 square miles, compared to the metro area's 3.5k square miles. In many of our cities, people commute to work in different cities (hence the horrible traffic). You can end up with different salary:rent ratios comparing jobs in a city to rent in a city than you'd get looking at salary:rent ratios of jobs of people living in a city to rent in a city. Both are interesting statistics in their own right. I'd bet the difference in those two statistics indicates uneven housing supply (residential areas aren't the same as business areas) and small cities (residential areas are counted differently than business areas).
- anonymous5133 8y agoIt could also be that Florida has no personal income tax and the sales tax rates are reasonably low. I think property tax is about average.