City should consider Minneapolis' model for addressing the growing housing crisis.
Columbus has enjoyed relatively cheap housing compared to other large metropolitan areas in the country. American Community Survey data tells us that the average apartment in Columbus costs $916, which means housing is cheaper in Columbus than all but 13 of the top 50 metropolitan areas in the US.
But incomes are lower in Columbus than other major cities, aren’t they? So wouldn’t housing be more costly when factoring in incomes?
Actually, when factoring in income, Columbus fares even better compared with other metro areas: Only six of the top 50 metro areas have cost burden rates (percentage of renters paying more than 30 percent of their income on rent) below Columbus. That being said, there are still a lot of Columbus residents who are spending more than 30 percent of their income on rent: 44 percent, according to American Community Survey data.
Read the rest of Rob Moore's "Local Politics" column at Columbus Alive.