If you're looking for a good longer read, Concentrate Media has a good article exploring the lack of affordability in downtown Ann Arbor:
Because Washtenaw County has an unusually high median income of $58,200, our "low income" threshold is closer to 75 percent, meaning a single person making $43,700 or less fits the bill, and should have a monthly housing cost – including utilities and taxes – of no more than $1,093.What are your thoughts gentle readers? Downtown is certainly an expensive area. How can we increase socioeconomic diversity in and around downtown? What would the benefits of this be?
Where market values are higher, citizens can apply for Section Eight vouchers, which pay landlords the difference between these income limits and market rate. But before the average 20-something schoolteacher gets excited about qualifying for this benefit, Hall warns that it's not quite that simple.
"There is a huge wait-list," she says. "We had 15,000 applicants for Section Eight in the last round."
So while a teacher making $35,000 may technically qualify as low income, that hardly matters if she is standing in a line in which 60 percent of 15,512 applicants reported incomes of $9,999 or less. And those are the households that Hall and the Housing Commission are truly working to serve. Most of their work is with those in the "extremely low income" category of 30 percent of median income: $17,500 for a single person locally, or $20,000 for a couple.