::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact

How Much Cheaper is Group Housing?

July 16th, 2014
money, housing  [html]
One of the standard pieces of advice for how to live more cheaply is to live with other people. This tends to save money in many ways, from more communal food to making socializing at home more fun so you're less likely to go somewhere you have to pay, but the biggest savings are from the more efficient use of space. A one bedroom apartment probably has a kitchen, living room, bathroom, and one bedroom. A four bedroom apartment has a kitchen, living room, bathroom, and four bedrooms. Being able to avoid those three extra copies of each non-bedroom means the four bedroom apartment can be smaller without feeling much smaller.

How much does this save? I took the 2014-06-18 data that backs my apartment price map and computed the average cost per bedroom for each number of bedrooms:

studio: $1,426 (n=1531)
1br: $2,058 (n=2441)
2br: $1,272 (n=2560)
3br: $977 (n=1546)
4br: $866 (n=685)
5br: $806 (n=200)

Perhaps apartments with more bedrooms tend to be in cheaper areas, though? I made six maps, with markers for all the apartments of that size:


studio


1br


2br


3br


4br


5br

It does look like living in a one bedroom is about twice as expensive than sharing a larger apartment, at least in Boston.

(These numbers all assume one person per bedroom. If you share a room with someone else then they're cut in half. Though a 4br or 5br is probably not going to work if filled with couples unless it has more than one bathroom.)

Comment via: google plus, facebook

Recent posts on blogs I like:

Europe and Asia are not Liberal or Conservative America

One frustrating thing coming from telling Americans to be more like democratic Asia, or even more like Europe, is that it is a) a political claim, that b) doesn’t neatly map onto partisanship or even intra-partisan political factions. Demographically, it …

via Pedestrian Observations March 29, 2020

Massachusetts should shut down immediately

We’ve been running 30x fewer tests than other states, and have been extremely tardy in responding to the Biogen outbreak.

via benkuhn.net March 15, 2020

Several grumpy opinions about remote work at Tailscale

As a "fully remote work" company, we had to make some choices about the technologies we use to work together and stay in touch. We decided early on - about the time we realized all three cofounders live in different cities - that we were going to…

via apenwarr March 11, 2020

more     (via openring)

More Posts:


  ::  Posts  ::  RSS  ::  ◂◂RSS  ::  Contact