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Originally Posted by Handro
Very interesting. I'm guessing this has to do with the loss of lower and lower middle class residents and increase of wealthier white collar residents?
Of course, these stats don't mean that the general COL hasn't increased (which is partly why the city is losing lower income residents) so while the trend might bear out the city as a whole is getting wealthier, it doesn't mean that the remaining lower income residents aren't feeling more squeezed.
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Right. It depends on the area. Most of the city is doing better except areas in and around Englewood and around Austin I think. Which no surprise are the areas of the city responsible for a huge percentage of population loss while a good chunk of the city, including multiple areas on the south and southwest sides are actually gaining in population. On the whole I agree with you but it's also not fully correct to say only the core is doing well. You will find areas on the south and south west side doing better than realized (not just Hyde Park). Then you'll find some that are doing worse off and it's important to uplift those areas instead of neglect them.
The site for 2018 data is up again. Here is the percentage of households with an income of less than $35K with a mortgage spending 30%+ of gross income on mortgage:
2018: 97.4%
2013: 96.8%
So yes that is going up however, there's 11,776 less households with a mortgage making under $35K in 2018 than 2013 and about the same in that range without a mortgage. Obviously hard to tell by this alone what's going on.
As a city though, the percentage of households paying less than 30% on housing has gone up overall (a good thing) but some areas for sure not good. Those areas have big population loss so it's important to address the economic issues of those areas specifically IMO