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AARP: Philadelphia is the most affordable of the top 10 big cities in the United States | Local News

Finally, there are some good news for the city. Philadelphia is considered the most affordable city in the top 10 cities in the United States, with an average housing cost of $ 1,055 per month, according to the latest figures from the AARP Livability Index.

By comparison, the median monthly housing costs in the US neighborhood are $ 1,057, according to the US Census Bureau, one of the many sources on which the AARP Livability Index relies.

Also, in the small cities category, two neighboring cities, Chester, Pennsylvania and Camden, NJ, were ranked first and second, respectively, for affordable housing.

Philadelphia was ranked 61st in the overall habitability index score in the top half of the US community, according to the AARP index released this month. The ranking was 6th among the 10 big cities.

Rodney Harrell, AARP’s Vice President of Family, Home and Community, said: “There was no such thing, so we created the first neighborhood-based national habitability index.”

The AARP Survival Index, launched by the American Retirement Association Policy Institute in 2015, has been completely redesigned this year. For the first time, this index contains the “small town” category.

The AARP Livability Index uses 50 domestic data sources to measure 60 community characteristics across several categories such as housing, health, neighborhood, transportation, environment, engagement and opportunities.

According to Harrell, the group will use this index to inform residents, supporters, researchers and policy makers and encourage them to take action to improve the community of people of all ages. I hope that.

“The majority of older people want to stay in their current homes and communities as they grow older, with easy-to-walk areas, public transportation options, opportunities to participate in community activities, and affordable adaptation. We need sexual housing, “says Harrell. “The AARP Survival Index provides the clearest picture ever about how a community will meet its lifelong needs, regardless of income, physical fitness, or ethnicity.”

For example, 52.4% of Philadelphia’s residential units have a zero-step entrance, while the 2022 index has a median US neighborhood of 50.1%.

In Philadelphia, a 2022 report shows that 91.1% of urban residential units are apartments, compared to 18% of apartments in the median neighborhood of the United States. Philadelphia also has 342 public housing units per 10,000 people, with a US neighborhood average of 0, as shown by 2022 index data.

In terms of housing costs, 13.1% of Philadelphia’s family income was spent on housing, which was lower than the median 16.3% in the US neighborhood in the 2022 report.

According to the US Department of Housing and Urban Development, families who spend more than 30% of their income on housing are considered “housing costs”.

“If people spend a lot of their income on housing, they don’t have enough money to spend on food, health care, or transportation,” Harrell said. “Housing costs in Philadelphia were lower than the national average and other cities where housing costs are a real challenge.”

According to Harrell, Philadelphia has a wide range of housing options.

“We are looking at the amount of public housing available,” Harrell said. “There are no public housing in the average neighborhood of this country.”

However, Harrell also said that Philadelphia has a high crime rate, more than double that of the 10 largest cities. And a low high school graduation rate of 63% in cities, compared to the median neighborhood figure of 88.5% in the 2022 report, indicates that cities need to work in those areas.

One of the reasons for the increased housing options is the surge in urban development over the last decade.

By the end of 2020, approximately 9,400 units were under construction in Center City and its surrounding areas, up 39% from 6,762 units at the end of 2019, according to the Center City District 2021 Housing Report.Surroundings include parts of North Philadelphia such as Northern Liberties

In addition, more people have recently moved into the city. For example, according to the US Census Bureau, about 78,000 people moved into the city between 2010 and 2020. Most of the new residents are Hispanic, Latin American or Asian, as shown by census figures. Many of the people moving into the city were away from nearby markets such as New York, Boston, and Washington, DC, where housing costs are high, the report said.

AARP: Philadelphia is the most affordable of the top 10 big cities in the United States | Local News

Source link AARP: Philadelphia is the most affordable of the top 10 big cities in the United States | Local News

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