A new study by StreetEasy reveals that workers earning over $135,000 annually can only afford 35% of studios and one-bedrooms in NYC. For entry-level workers and most New Yorkers, the situation is even more challenging. The average income for New Yorkers was $89,000 last year, making fewer than 5% of rents comfortably affordable. Manhattan apartment rents hit a new high in April, with new leases averaging $4,250, up $9 from the previous year.
Not even tech workers can afford to live in New York City, according to a new report. https://t.co/GiHEceeAuq
How much do you need to make, in order to rent an average-sized apartment? • New York has the highest income requirement at $164,870 • Oakland/East Bay at $106,377 • LA at $95,038 • Miami at $89,658 • Seattle at $89,607 https://t.co/T4A0OPIgDF
New Yorkers earned an average $89,000 last year, meaning fewer than 5% of rents were comfortably affordable for them, a new report finds https://t.co/fWhqeI578c via @bbgequality
New Yorkers earned an average $89,000 last year, meaning fewer than 5% of rents were comfortably affordable for them, a new report finds https://t.co/Ea52dj6q9l via @bbgequality @ellaceron @MsNabilaAhmed @BChappatta
Staggering cost of NYC living laid bare: Average worker earned $90k in 2023 - but it still wasn't enough for them to afford an apartment on their own https://t.co/WAyIuVp8aE https://t.co/zSvQj7alSS
Manhattan apartment rents rose last month to a new high for April. New leases were signed at a median of $4,250, up $9 from last April, per Bloomberg.
NYC Rents Are So High That Only 5% Are Affordable for the Average Salary https://t.co/r6v3wNhxFz
New Yorkers earned an average $89,000 last year, meaning fewer than 5% of rents were comfortably affordable for them, a new report finds https://t.co/hBAfleMzLd
Workers making more than $135,000 annually can only afford 35 percent of studios and one-bedrooms, according to a new StreetEasy study. For entry-level workers — and most other New Yorkers — things look even worse. https://t.co/XCf6AQLBWf