New Report: Middle-Income Communities in Decline
A new study released November 15th by Stanford University captures the concerns of Building One Pennsylvania, reporting that the number of middle income neighborhoods has declined significantly since 1970.
Read the New York Times coverage of the report.
The decline is not just because of changes in income — but because of residential sorting by income, with the rich flocking to new exurbs and gentrifying pockets where middle- and lower-income families cannot afford to live.
According to the Pennsylvania Economy League, 39 cities, 228 boroughs and 8 first class townships in Pennsylvania are in the worst stages of decline, as characterized by shrinking tax bases, population loss, depreciating home values, and high property taxes and other local fees in an effort to maintain infrastructure costs, schools and other critical public needs.