Housing and transportation represent the two largest expenditures for most households. Housing and transportation costs are intrinsically linked. A lower priced home may be associated with a longer and more expensive commute. Conversely, a shorter commute by transit may be associated with a more expensive home.
Contextual performance measure
Metro 2050 establishes the performance measure as percentage of household income spent on housing and transportation expenses across the region and by tenure and income level.
Progress
This contextual performance measure looks at the percentage of household income spent on housing and transportation expenses across the region and by tenure and income level. The first
Housing and Transportation Cost Burden Study was completed in 2015. It found that owners across the region on average pay about 40% of their pre-tax income on these two major expenditures. For renters, the average is even higher at 49%.
The 2024 Housing and Transportation Cost Burden study is currently under review and is expected to be publicly available in late 2025.