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Location Affordability Index v 1.0
(from Open Data - Location Affordability)
on March 13, 2017.
updated 3 months ago.
<p>The Location Affordability Index (LAI) estimates the percentage of a family’s income dedicated to the combined cost of housing and transportation in a given location. Because what is “affordable” is different for everyone, users can choose among a diverse set of family profiles—which vary by household income, size, and number of commuters—and see the affordability landscape for each in a given neighborhood, city, or region.</p> <p>The Location Affordability Index (LAI) estimates three dependent variables of<br /> transportation behavior (auto ownership, auto use, and transit use) as functions of 14 independent<br /> variables (median income, per capita income, average household size, average commuters per household,<br /> residential density, gross density, block density, intersection density, transit connectivity, transit<br /> frequency of service, transit access shed, employment access, job diversity, and average commute<br /> distance).</p> <p>To hone in on the built environment’s influence on transportation costs, the independent<br /> household variables (income, household size, and commuters per household) are set at fixed values to<br /> control for any variation they might cause.</p> <p>The LAI also estimates two dependent variables of housing costs (Selected Monthly<br /> Owner Costs and Gross Rent) as functions of 16 independent variables: regional median selected monthly<br /> owner costs and regional median gross rent in addition to the 14 variables used in the transportation<br /> model.</p> <p><br /> To learn more about the Location Affordability Index (v.1.0) visit: <a href="http://www.locationaffordability.info/LAPMethods.pdf" target="_blank"><strong>http://www.locationaffordability.info/LAPMethods.pdf</strong></a>.<br /> Data Dictionary: <a href="https://hud.maps.arcgis.com/sharing/rest/content/items/4fbf556f68df4e248a53d7b7d2e426c4/data" target="_blank"><b>DD_Location Affordability Indev v.1.0.</b></a><br /> Date of Coverage: <b>2005-2009</b> <br /> Data Updated: <b>Annually</b></p> <p> </p> <p> </p> <p>http://www.locationaffordability.info/LAPMethodsV2.pdf</p>