New York City Rent Now Averages Over $3,000 A Month

newarkhiphop

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New data confirms what everybody already knows about living in New York City: The rent is too damn high.

The average rent on an apartment in New York City shot up to $3,017 a month this quarter, according to data compiled by REIS, a real estate research firm.

(REIS's numbers didn't account for the forgotten borough of Staten Island.)

The average rent on an apartment in the United States of America? Only a little over $1,000 a month.

For more on the REIS report, head over to The Wall Street Journal.

Meanwhile, The New York Times reports the average price to buy a Manhattan apartment was a "stratospheric $1.425 million" this spring.

In 2011, 46 percent of New Yorkers were considered either poor or almost-poor.

The income gap in New York City is comparable to those of some sub-Saharan African countrie
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New York City Rent Now Averages Over $3,000 A Month


Move to NY brehs


http://www.the-coli.com/higher-lear...nt-paying-people-move-there.html#.Ud74Dvm1Gzk
 
Fervid

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That's 3 times my mortgage. :sadbron:

What do McDonald's employees earn in New York like $100K a year?
 
Patrick Kane

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How does the vast majority survive in NYC? Where does everyone live if rents are that high? I have family and friends who live in NYC and most of my family lives in Queens and pockets of Brooklyn or NJ. They've been in NY since the mid 80s though. A couple of my buddies from college live in LES but these guys make over 100K a year so I know they're okay but what about the millions who make less than 50K? Cost of living is high as hell in my city too but these rent prices in NY are astronomical and they'll never go down. I've considered moving to NYC for a few years for work and to experience life in New York but I really can't see myself paying $3,000 a month for a small azz unit with no amenities in a sh1tty neighborhood.
 
Captain Crunch

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Patrick Kane said:
How does the vast majority survive in NYC? Where does everyone live if rents are that high? I have family and friends who live in NYC and most of my family lives in Queens and pockets of Brooklyn or NJ. They've been in NY since the mid 80s though. A couple of my buddies from college live in LES but these guys make over 100K a year so I know they're okay but what about the millions who make less than 50K? Cost of living is high as hell in my city too but these rent prices in NY are astronomical and they'll never go down. I've considered moving to NYC for a few years for work and to experience life in New York but I really can't see myself paying $3,000 a month for a small azz unit with no amenities in a sh1tty neighborhood.
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Most people under the age of 27 live at home, if not for that, it's likely in the Bronx or Eastern Brooklyn/Queens.
 
Patrick Kane

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Captain_Crunch said:
Most people under the age of 27 live at home, if not for that, it's likely in the Bronx or Eastern Brooklyn/Queens.
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Is Eastern Brooklyn considered grimey? When I was there, it seemed like a pretty chill neighborhood. A few projects here and there but the whole area didn't look grimey or unsafe. I assume it is not a sought after place to live? I know the rents are lower in this area.
 
Daniel.

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Just gotta be on the lookout for the good deals. I've been living with my girl for the past 4 years (since I was 22) and we've lived in the same neighborhood the entire time, two different places. First was a 1 family, with an up and downstairs we shared with the landlord that was $1400. Stayed there for a few months then moved damn near down the block for a studio that, albeit it's $1215 now, was $1125 when we started here in 2010 and fits both of us perfectly. It's right next to Prospect Park, right next to the train, residential, quiet and overall a good ass neighborhood. At our best I don't think we combined to make 70k a year and right now I'm the only one working and we're still managing that, while paying off student loans, bills, etc. Once I start making better money, this will be an even better deal. Gotta know where to go in this city :manny:
 
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