jump to navigation

NYC pays 30% of their income on rent October 3, 2006

Posted by farshadf in NYC, Uncategorized.

– More than half of New Yorkers are spending more than 30% of their income on rent (30% is considered the “percentage figure commonly seen as a limit of affordability”)
– The average cost of a home increased by 79% – from $251,000 to $449,000
– Mortgages and home-related costs increased by 16%
– Manhattan figures: Median gross rents increased by 14% between 2000 and 2005, the number of people paying at least 50% of their income on housing increased by 14% and the median value of Manhattan homes is $718,000




No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: