In metros including Atlanta, Charlotte, and Nashville, a quarter of all high-poverty neighborhoods are located in low-density areas on the outskirts of town, a shift from the idea of inner-city poverty.
Through the latest State of the Nation’s Housing report, the Harvard Joint Center says that the rates of poor people and poor neighborhoods are rising the fastest in exurbs.
The number of high-poverty neighborhoods doubled in the nation’s exurbs between 2000 and 2015, and the number of poor people living in exurbs rose from 1.5 million to 3.9 million during the same time frame.
Such growth presumably was due to the fact that housing generally is less expensive in these areas, but the savings in housing costs are often offset by higher transportation costs and more time spent traveling to work and other activities.
Advertisement
Related Stories
Economics
Housing Share of GDP in Q1 2024 Rises Above 16%
The increase marks the first time GDP has surpassed 16% since 2022
Economics
Shelter Costs Drive Inflation Higher Than Expected in January
January Consumer Price Index data show inflation increased more than anticipated as shelter costs continue to rise despite Federal Reserve policy tightening
Economics
Weighing the Effects of the Fed's and Treasury's Latest Announcements
The upshot of the Jan. 31 announcements is that while mortgage rates will stay higher for longer, they're likely to hold steady
