Misc
What Does the Average Rent Get You in These U.S. Cities?
What Does the Average Rent Get You in These U.S. Cities?
Housing markets in general are linked to a variety of national variables: interest rates, unemployment, mortgage availability, consumer confidence, inflation, and overall economic health. However, they can also be extremely regional in nature, and this is why there can be such variations in domestic prices.
Even though Canada still takes claim for the most overvalued housing market in the world, there are parts of America that look just as bubbly. This infographic looks at what renters could get in various cities while paying the average national monthly rent for an entry-level, one-bedroom or studio apartment ($769).
The results vary.
In Detroit, a city still emerging from its bankruptcy troubles, a renter could get 818 sq. ft. of space for the average rent. There is still some value in Chicago, Miami, and New Orleans, where the average national rent gets places of 570, 552, and 671 sq. ft. respectively.
In the Big Apple, it is understandable that housing is hard to come by. The average amount can only get 375 sq. ft.
However, where things really break down is in the Golden State, specifically in the Bay Area. New renters in San Francisco will find that the average national rent is only enough to get a kitchen and maybe a bathroom with just 285 sq. ft of space. Things are so bad in the city that shipping containers are getting converted to small homes and being rented out illegally for $1,000 per month. Someone even pitched a tent in their garden in Mountainview and listed it for $899 per month.
The fuel for San Francisco’s housing woes lies in the influx of high-paying tech companies and jobs in Silicon Valley, foreign home buyers bidding up prices, complicated housing and renting regulations, lack of general supply, and stifling bureaucracy.
Original graphic by: Mashable
Misc
Ranked: The World’s Top 10 Automotive Exporters (2000-2022)
Data from the World Trade Organization highlights the world’s 10 largest automotive exporters in 2022.
Ranked: The World’s Top 10 Automotive Exporters
According to the European Automobile Manufacturers’ Association, over 85 million motor vehicles were built around the world in 2022.
In this graphic, we add context to this massive figure by ranking the world’s 10 largest automotive exporters. The list is based on data from the World Trade Organization (WTO) and includes countries from nearly every corner of the world, highlighting the global nature of the industry.
Top 10 Exporting Countries
The data we used to create this graphic is included in the table below. It represents each country’s share of the total export value of global automotive products in both 2000 and 2022.
“Automotive products” are defined by the WTO as motor vehicles, parts and accessories for motor vehicles, and internal combustion engines for propelling said vehicles. This grouping excludes motorcycles and trailers.
| Exporter | 2000 (% of world exports) | 2022 (% of world exports) | Change (pp) |
|---|---|---|---|
| 🇪🇺 EU | 45.4% | 46.1% | +0.7 |
| 🇺🇸 U.S. | 11.7% | 9.1% | -2.6 |
| 🇯🇵 Japan | 15.3% | 8.9% | -6.4 |
| 🇲🇽 Mexico | 5.3% | 8.5% | +3.2 |
| 🇨🇳 China | 0.3% | 8.0% | +7.7 |
| 🇰🇷 South Korea | 2.6% | 5.1% | +2.5 |
| 🇨🇦 Canada | 10.5% | 3.3% | -7.2 |
| 🇬🇧 UK | 4.5% | 2.7% | -1.8 |
| 🇹🇭 Thailand | 0.4% | 2.0% | +1.6 |
| 🇹🇷 Türkiye | 0.3% | 1.7% | +1.4 |
| Total | 96.3% | 95.4% | -- |
From this list we can identify which countries have experienced the most growth or decline over the past 22 years.
Countries With the Most Growth Since 2000
The automotive exporters that grew their share of global value the most since 2000 are China (+7.7 pp), Mexico (+3.2 pp), and South Korea (+2.5 pp).
There are clear drivers behind each of these growth stories.
For example, China became the world’s largest car market back in 2009, which accelerated the growth of its domestic automakers. China is also home to some of the world’s biggest automotive suppliers, including Weichai (diesel engines), Hasco Automotive (drivetrain and air conditioning systems), and CATL (EV batteries).
Mexico, on the other hand, has grown its auto industry by enticing global brands to construct their factories there. The country’s competitive edge includes cheaper labor and a land border to the United States.
Finally there’s South Korea, whose growth is largely attributed to Hyundai Motor Company. The Seoul-based automaker recently became the third largest on a global basis, trailing only Toyota and Volkswagen.
Countries With the Biggest Decline Since 2000
The automotive exporters that declined the most since 2000 are Canada (-7.2 pp), Japan (-6.4 pp), and the U.S. (-2.6 pp).
Canada’s auto industry has experienced a steady decline in recent years, though new EV-related investments could turn things around. In March 2022, Stellantis and LG Energy Solutions announced the construction of a $3.5 billion EV battery plant in Windsor, Ontario.
Canada’s automotive industry is largely concentrated in the province of Ontario, which neighbors Michigan, the top state for U.S. car production.
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