TOPIC: Globalisation » Economy » Transportation
Category
articles
Date
2011-06-08
Actor
Florida, Richard
Source
Atlantic
Uploaded date
2012-03-11
Uploaded by

The Financial Benefits Of Living In Transit-Friendly, Walkable Areas

"The average American family spends roughly a third of its income on housing and another 19 percent on transportation, leaving just a little less than half for everything else. Families living in especially sprawling, auto-dependent suburbs devote six percent more of their income to transportation. But families living in "mobility-option" neighborhoods--those with transit options and walkability--can reduce their transportation costs to just 9-16 percent ..." (Quoted from article)

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