Water Affordability
Residential bills have steadily increased by 5.7% annually over the past five years, outpacing average annual income growth (5%) and inflation (1.9%).
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The cost of providing water services is rising more rapidly to manage more efficient water usage, aging infrastructure, and unforeseen threats like PFAS, nutrient treatment, and climatic events. Utilities will need to adapt to this new market landscape through efficiencies and alternative billing structures.
Erin Bonney Casey, Bluefield Research Director