Monday, June 02, 2014

A convergence of sorts

Just a random factoid for today...


5 Comments:

Anonymous BrianTH said...

This is adjusted by RPP I presume.

Tuesday, June 03, 2014 6:46:00 AM  
Anonymous BrianTH said...

By the way, the only other major MSAs I found higher than Pittsburgh by this measure were Boston, Hartford, San Francison, and San Jose (I didn't include a scattering of smaller MSAs, including the champ by a long distance, Midland, TX). So no Houston, Chicago, Philly, New York, Seattle . . . they are all being dragged down by higher RPPs.

Which is all well and good, but RPPs can change. In fact an awful lot of this is a simple income-to-rent story, and the rent gap will eventually start closing if we don't allow supply to stay ahead of demand.

Tuesday, June 03, 2014 7:16:00 AM  
Anonymous Anonymous said...

If Seattle is ready for a $15 minimum wage, what is a good number for Pittsburgh?

Tuesday, June 03, 2014 7:24:00 AM  
Anonymous BrianTH said...

Seattle's RPP is 107.0, Pittsburgh's is 93.4, so if you use Seattle as a benchmark, a roughly equivalent minimum wage from a COL perspective would be $13.10.

Tuesday, June 03, 2014 8:13:00 AM  
Anonymous BrianTH said...

By the way, Yuba City: $33,553 by this measure.

Tuesday, June 03, 2014 8:17:00 AM  

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