Here's the BEA index for state rents costs relative to the US—kind of insane that NY State is relatively cheaper than Florida now - ThreadSky

josephpolitano.bsky.social • 64 days ago

Here's the BEA index for state rents costs relative to the US—kind of insane that NY State is relatively cheaper than Florida now

Comments

niftyfire25.bsky.social•63 days ago

Florida rents are outrageously high relative to wages, it’s the most expensive place in the country to live now.

For reference in suburban Massachusetts the rents are almost the same for here vs south Florida (Miami metro.)

stefanschubert.bsky.social•64 days ago

Does it also exist for cities or parts thereof (e.g. Miami, NYC, parts of NYC)?

josephpolitano.bsky.social•64 days ago

there’s official data at the metro area level and a working paper at the county level

https://www.bea.gov/data/prices-inflation/regional-price-parities-state-and-metro-area

https://www.commerce.gov/news/blog/2024/03/estimating-county-level-regional-price-parities-public-data

stefanschubert.bsky.social•64 days ago

Thanks. Is this the same that you used? The trends look similar.

surfingthepast.bsky.social•64 days ago

Wow. I’m a little confused. Is this rent relative to incomes? If not then S. FL would look even worse.

frank-mcg.bsky.social•64 days ago

upstate ny is massive and way cheaper than florida

nrbq.bsky.social•64 days ago

NYS rents outside NYC metro area must be really low.

parkerjamie.bsky.social•63 days ago

They are

groverhaustenbosch.bsky.social•64 days ago

i know a few consultants who live either in the hudson valley or albany and have pretty big houses

parkerjamie.bsky.social•63 days ago

As a NY resident and FL landlord, think this is very believable based on personal experiences

slleather.bsky.social•64 days ago

Lots of New York retirees moved to Florida.

lurkymclurk.bsky.social•64 days ago

Sitting here in the Florida panhandle dreaming of Rochester (no seriously)

parkerjamie.bsky.social•63 days ago

Really? But it’s so cold in Rochester right now. Totally get it with Wegmans, wegmans is amazing

lurkymclurk.bsky.social•63 days ago

Seasons are good and cool (mostly) and I miss seasons

lurkymclurk.bsky.social•64 days ago

Oh to have a Wegmans

faeelin.bsky.social•64 days ago

I mean, buffalo exists

jathaj.bsky.social•64 days ago

Not insane at all if you have ever been north or west of Albany.

surfingthepast.bsky.social•64 days ago

Or Orlando and South.

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