meaningful difference in an individual
family’s ability to become self-sufficient.
Exercised in concert with the market and
other programs, it can help those families
at the same time it leverages private
reinvestment in a disadvantaged
neighborhood without imperiling the
livelihood of existing families.
Affordability: Nuts and Bolts
Indianapolis is recognized as having
relatively affordable housing costs, ranking
33rd out of the 100 largest metropolitan
areas. When those housing costs are
considered relative to incomes, the
Indianapolis metropolitan area fares even
better, ranking 23rd among the 100 largest
metros (Figures 5 and 6)
While Indianapolis compares favorably to
other regions, these regional averages miss
some nuance relating to the experience of
low- and moderate-income families.
Indianapolis does not fare as well on
measures of income inequality, ranking 64th
among the 100 largest metropolitan areas. 8
Figures 5 and 6. Weighted Monthly Housing Costs and Weighted Costs* as a Percentage of Median
Household Income by Metro Area
Source: US Census: American Community Survey 2015, 1-year estimates
*Median housing costs, weighted by tenure
8
GINI coefficients of income inequality US Census: ACS 2015, 1-year estimates
12