- Who We Are
- What We Do
- What We Care About
- What You Can Do
Nationwide, based only on housing affordability, 76% of U.S. communities are affordable for the regional typical households. However, once transportation costs are included, the percentage of affordable housing drops to 28% for the regional typical household making their area’s median income.
Housing is considered affordable when no more than 30% of a household’s income is spent on housing. This does not take into account transportation costs which are usually the 2nd largest expense in any household. A more complete measure of affordability combines housing and transportation costs which should take up no more than 45% of a household budget. The Center for Neighborhood Technology (CNT) has updated their Housing + Transportation (H + T) Affordability Index with American Community Survey 2009 5-year estimates, and now covers 900 metropolitan and micropolitan areas across the country – almost 180,000 neighborhoods and 89% of the U.S. population.
Below is a comparison of the difference between the percentage of affordable housing alone vs. affordable housing and transportation in CT based on county, according to the H + T Affordability Index.
Housing Cost Only <30% H + T Cost <45%
Fairfield County 5.4% affordable 42.5% affordable
Hartford County 79.4% affordable 48.6% affordable
Litchfield County 81.9% affordable 31.4% affordable
Middlesex County 65.1% affordable 22.2% affordable
New Haven County 63.4% affordable 26.7% affordable
New London County 80.2% affordable 31% affordable
Tolland County 72.7% affordable 21.5% affordable
Windham County 85.9% affordable 16.6% affordable
Since the 2000 Census, housing and transportation costs have increased at a greater rate than incomes have in that same time: from 2000 to 2009, median housing costs increased by 37% and average transportation costs increased by 40%, but median income increased by just 22%. Interestingly, the H + T Affordability Index shows that inefficient neighborhoods- neighborhoods where transportation costs were greater than 15% of national median income - had an average increase in transportation costs that were twice that of transit oriented areas (access to transit, jobs, etc) - areas where transportation was less than 15% of the national median income.