How Much Cheaper is Group Housing? |
July 16th, 2014 |
| housing, money |
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.)
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