A convergence of sorts
Just a random factoid for today...
Monday, June 02, 2014
This work by Christopher Briem is licensed under a Creative Commons Attribution 3.0 United States License.
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That which was: Pittsblog 2.0
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Interactive Data:
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Did you know the G20 came to Pittsburgh?
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This work by Chris Briem is licensed under a Creative Commons Attribution 3.0 United States License.
5 Comments:
This is adjusted by RPP I presume.
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.
If Seattle is ready for a $15 minimum wage, what is a good number for Pittsburgh?
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.
By the way, Yuba City: $33,553 by this measure.
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