Special Report
The Cost of Housing Has Skyrocketed in these Major US Cities
May 4, 2023 11:04 am
Methodology
To find the U.S. metropolitan areas with the highest shelter inflation, 24/7 Wall St. reviewed consumer price index data from the Bureau of Labor Statistics by geography. The BLS only has recent CPI data for 23 metro areas, and included here are the 11 metros where the shelter CPI increased faster than the 8.2% increase nationwide. The shelter CPI for each metro is either for March or February 2023 and is compared to March or February 2022, respectively. Only the Miami area figures are for December 2022. All other data came from the Census Bureau 2021 American Community Survey.
Four metro areas are slightly different in the BLS and the ACS – San Diego-Carlsbad, CA in the BLS vs San Diego-Chula Vista-Carlsbad, CA in the ACS; Atlanta-Sandy Springs-Roswell, GA vs Atlanta-Sandy Springs-Alpharetta, GA; Phoenix-Mesa-Scottsdale, AZ vs Phoenix-Mesa-Chandler, AZ; and Miami-Fort Lauderdale-West Palm Beach, FL vs Miami-Fort Lauderdale-Pompano Beach, FL.
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