100 Metro Comparison: 2010-2018 Change in Number and Share of Renter HH's Below $30K and Above $75K.

Harvard's Joint Center America's Renter Housing 2020 report HERE has an interactive HERE that allows selection from 100 metro areas to see how the income levels of renter households have changed from 2010 to 2018.   (All income comparisons are in real 2018 dollars). The interactive web graph also allows download of the full metro area data set. 

I downloaded the full data set and created an Excel workbook HERE that allows the user to select up to 7 metro areas to see a side by side comparison of the 2010-2018 changes in the count and share of all renter HH's in TWO select income groups:

• Renter HH's with incomes below $30,000 
• Renter HH's with incomes above $75,000.

(By default I include the United States total in the far left column but that can be changed to a metro area to get to the 7 maximum metro area side by side comparisons).
 
I am pasting below a screen shot and graph of several metro areas, including Portland and Seattle. Some observations.

1. There were only two metro areas in the country (Salt Lake City and Ogden-Clearfield, UT) that had a greater percentage decline than Portland (-24%) in the number of renters below $30,000 income. 
2. There were only 10 metro areas in the country that had a greater percentage increase than Portland (+96%) in the number of renter households with incomes of $75,000 and above. 
3. From 2010-2018 the Portland metro area gained (at a 1.6 to 1 ratio) more renter households at $75,000 and higher incomes (53,684) than it lost at incomes below $30,0000 (-32,871). This likely contributes to a recent decline in the overall severe cost burden rate for the Portland metro area as renters above $75,000 have virtually zero incidence of severe cost burden. (See my recent post HERE to show 2015 to 2018 severe cost burden rates by income; for the Portland metro area for all incomes below $35,000 in 2018, 61% of renter households had a severe cost burden).
4. Compared to the Seattle metro area the Portland metro area had a greater 2010-2018 percentage decline in renters below $30,000 income (-24% vs -22%) AND a greater percentage increase in the number of renter households with income above $75,000 ( +96% vs +84%). 

Originally created and posted on the Oregon Housing Blog.