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New Report Puts a Price on Suburbia and Rental Housing in One U.S. City

New Report Puts a Price on Suburbia and Rental Housing in One U.S. City

Boston mayor Thomas Menino joined Rep. Stephen Lynch (D-MA) today for the release of a new Urban Land Institute (ULI) report that maps the combined housing and transportation burden of living in the metro area’s various neighborhoods.

Using a method similar to the “H+T” cost index unveiled last month with the support of Obama administration officials, the ULI report calculated how Bostonians’ area of residence affected their commuting and housing costs. Overall, the ULI found that the average Boston household spends 54 percent of its annual income, or $34,300, on housing and transportation.