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?WHY IS
RENT HIGH?
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  2. High housing costs erase much of the wage gain from moving.
?WHY IS
RENT HIGH?
Opportunity and housing costs

High housing costs erase much of the wage gain from moving.

For lower-skilled households, income net of housing costs falls more sharply over time than for higher-skilled households.

REDRAWN FROM STUDY DATAFigure 3 · Returns to migration after housing costs
Figure 3 · Returns to migration after housing costsFor lower-skilled households, income net of housing costs falls more sharply over time than for higher-skilled households. Values digitized from Figure 3 in the archived publication; minor reading error is possible.-0.20-0.1000.100.20Return to migrationCensus yearStatewide incomeLow-skill income net of…High-skill income net o…196019701980199020002010
Figure 3 · Returns to migration after housing costs. Values digitized from Figure 3 in the archived publication; minor reading error is possible.
Census yearStatewide incomeLow-skill income net of housingHigh-skill income net of housing
19600.020.010.03
19700.0100.02
19800-0.020.01
19900.02-0.050.01
20000.08-0.110.04
20100.05-0.20.03

Source: Ganong & Shoag (2017) · Figure 3; PDF p. 30

Data: Values digitized from Figure 3 in the archived publication; minor reading error is possible.

Keep in mind: The estimates summarize regional migration returns; they do not isolate one housing policy.

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High housing costs erase much of the wage gain from moving.

For lower-skilled households, income net of housing costs falls more sharply over time than for higher-skilled households.

Source
Ganong & Shoag (2017)
Figure
Figure 3 · Returns to migration after housing costs · Figure 3; PDF p. 30
Redraw data
Values digitized from Figure 3 in the archived publication; minor reading error is possible.
Keep in mind
The estimates summarize regional migration returns; they do not isolate one housing policy.
View values used in redraw
Values used to redraw Figure 3 · Returns to migration after housing costs
Census yearStatewide incomeLow-skill income net of housingHigh-skill income net of housing
19600.020.010.03
19700.0100.02
19800-0.020.01
19900.02-0.050.01
20000.08-0.110.04
20100.05-0.20.03
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?WHY IS
RENT HIGH?

Too many people are chasing too few homes. See why—and what communities can do about it.

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