Relate housing costs to homelessness and use the graph as a reference. **Figure 2: Homelessness and Rent Levels in 2022****Homelessness Is Far Higher in Areas Where Rents Are Higher**This graph illustrates the correlation between homelessness per 10,000 residents and median rent levels in eight U.S. cities in 2022.**Homelessness per 10,000 Residents in 2022**- **San Francisco**: 95- **New York City**: 73- **Los Angeles**: 66- **District of Columbia**: 66- **Memphis**: 11- **Milwaukee**: 9- **Pittsburgh**: 7- **Houston**: 5**Median Rent in January 2022**- **San Francisco**: $2,160- **New York City**: $1,971- **Los Angeles**: $1,880- **District of Columbia**: $1,781- **Memphis**: $1,189- **Milwaukee**: $1,025- **Pittsburgh**: $1,035- **Houston**: $1,244**Sources:** Homelessness data is obtained from the Department of Housing and Urban Development’s 2022 Point-in-Time estimates. Population data is from the 2021 American Community Survey one-year population estimates by the U.S. Census Bureau. Rent levels are taken from Apartment List’s Rent Estimates data from January 2022. City names refer to the Continuum of Care (CoC) covering the city. In cases where a CoC covered multiple counties, the rent data for the largest county was used.© 2023 The Pew Charitable Trusts

From the data, it is apparent that cities with higher median rent levels, such as San Francisco, New…

Answered: Relate housing costs to homelessness…

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Economics

Relate housing costs to homelessness and use the graph as a reference.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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