Harvard urban economist Ed Glaeser’s NY Sun op-ed last week on Houston’s success in maintaining an affordable standard of living generated a lively debate among the blogosphere’s urban policy wonks, both for and against. So, Glaeser tees up the Houston debate again yesterday at the end of this Wall $treet Journal interview regarding the state of the city:
If you think about the lifestyle of ordinary Americans living on the fringe of Houston or Dallas, for example, compared to what their lifestyle would be in an older European city — living in a walk-up apartment there compared to a 2,500-square-foot house here they bought for $130,000 with a 24-minute commute — it’s extraordinary in the low-cost areas of this country what a $60,000 family income gets you.
There’s a reason Atlanta, Dallas, Houston and Phoenix are our four fastest-growing areas. They offer an astonishingly high standard of living for ordinary Americans.
New York City is a great place to be really rich and not a terrible place to be really poor, but it’s a pretty hard place to live on $60,000 a year. You don’t experience anywhere near the basic standard of living you would in Houston on the same income.