SAVI Reports - Page 16

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