The Economic Benefits of Walkable Neighborhoods: George Washington University Report - CityLab
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More interestingly, walkable metros have higher levels of social equity, according to the report. This stands in some contrast to other studies, which have found superstar cities like New York and knowledge hubs like San Francisco, Boston, and D.C. to have high levels of gentrification, housing unaffordability, and inequality. Here, the report measures social equity based on housing costs, transportation costs, and the number of jobs near a given residence, which reflects compact development more than socio-economic inequality.
The chart below shows the relationship between walkable metros and this measure of social equity. The correlation here is the highest of any of the relationships studied (.60). Even with their high housing costs, walkable metros can offer better lives for their residents, as their proximity to employment, density, and transit systems reduce transportation costs in ways that offset their steeper housing prices.
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