https://www.chamberofcommerce.org/in...-for-rent-2023

https://www.timeout.com/newyork/news...rd-rent-072023

"The national median rent is $1,967 per month, according to data from Zumper, but the rental cost of a one-bedroom apartment in New York City is almost double that: on average, $3,495 monthly. And given that it’s said that you shouldn’t spend more than 30% of your total income on your dwelling, that means you’ll have to be pulling in a solid six-figure salary to even begin to afford rent in NYC. But how much money exactly?

According to a new analysis by the Chamber of Commerce, New Yorkers would need to earn an additional $74,483 per year in order to afford rent for a one-bedroom apartment. The current median yearly income for NYC residents is $65,371, but to comfortably be able to pay the median rent for a one-bedroom, they would need to earn an income of $139,800. Based on the current median rent ($3,495), NYC residents can expect to pay an average of $41,940 total per year on rent, per the analysis.

The study “took a closer look at the true cost of rent in cities across the country by determining how much yearly income is needed in order to afford a one-bedroom rental in each city. Our analysis included the median rent for a one-bedroom apartment as well as the median income in more than 120 cities.” The study also includes a breakdown of rent ratio differences by genders: in NYC, the male rent-to-income gap comes in around $72,000, while women would need to earn an extra $76,624 to make ends meet.

Yes, if it makes you feel any better, the data did reveal the problem isn’t only relegated to New York City. In Miami, renters would need to earn $120,000 per year for a one-bedroom apartment, which is $78,713 higher than that city’s median income. Bostonians also need a hefty jump, from a median income of $72,077 to $106,000, as would folks in San Diego, which needs an income boost from $66,536 to $101,720. And across the river, residents of Jersey City would be better able to afford the $2,574 median rent for a one-bedroom if they were raking in $102,960 instead of the average $76,964."


F'n BRUTAL for rentcels. Just a friendly reminder that rent is:

1) Due
2) Not optional

Thanks!

Jokes on them. Living in the the rats nest and paying insane $ to do it.

Hopefully they stay there, don't spread out or reproduce.

it's OVER!

landlords aint getting their rent!

lol they thought it was just sit back and collect

WELL I AINT PAYING

I never understood anyone who decided to stay and live in NYC if they didn't buy a house when they were semi-affordable 20-30 years ago. (Super Ded fkn Srs)

They cope with food and “nightlife”

Only 75K? I make that in 7.5 days

Company is established here.

Would love nothing more than to move to Florida but I'll never earn there what I earn here unless I start from scratch in a new sub-sector of this industry.

FYI folks who do very well here financially often buy properties elsewhere. Florida's a good case in point, especially since New Yorkers broadcast themselves all over, lol

The cope is all yours. Make another "my food mogs your food" thread, then get rekt by yours truly. And cope harder.

NYC 1; Colorado Buttfu*k Nowhere 0.

Lol New York apartments are like $2,000 a month for 500 square feet, and also comes with a complementary rat.

meanwhile suburbcels cope with a lifestyle that 80 year olds live

brb stare outside and nothing but a road and lawn
brb dead quiet at all times
brb have to drive to do anything at all
brb zero attractive women around
brb best restaurants are applebees and chilis
jfl

Imagine paying $3500 a month just because you hate the pizza everywhere else

True. Or, imagine not paying rent here, and earning a very high salary. All while your tenants skyrocket your (already generous) annual income even higher.

Rent is soon due - general REMINDER!

National average is $2k? LMAO. A mortgage for a really nice house is way less then that.

jfl @ citycels

Not anymore. Try getting a mortgage with today's rates, unless you buy a shack. (Super Ded fkn Srs)

Lold @ bragging about food you don’t even cook

Meanwhile I can look out my GFs window and see where my beef comes from

Enjoy them rats boyo

Only need to finance about 280k to hit a 2k payment. Factor in taxes and insurance it's more like 220k. I am so glad I bought when prices and rates were low.

I think we have different meanings for the description "really nice." Ya know there's property tax and insurance too, right? I have what I think is a pretty average house and if I bought it today everything together would be over $4K/month.

LMAO at assuming eating out in NYC == can't cook.

I do both. And my wife loves it. Made a traditional bone broth with beef marrow dumplings just a few days ago. You mad?

True and this is primarily why some folks on this forum see NYC and seethe. Especially rentcels.

LOL

Not really still a no avi ****g0t

Change those goalposts a little more. Just a little more.

C O P E
O
P
E

You got mogged by me and NYC. Same with that drunkard in that other thread about NYC. The tears arouse me.

LOL

All that smog got to your brain it seems

Effortless superiority here. Try harder to "mog" the Misc.

This. City’s are fun to visit but prefer to live on property in northern Idaho surrounded by mountains and pristine lakes. No hate on city folks, it’s just my test is way too high to live in one. I prefer outdoors over whatever it is city people do

Brooklyn:Manhattan

The Valley:LA

It's that simple. People who have money like Gaga, DeNiro, etc live in Manhattan. They don't live in Brooklyn. People live in Brooklyn because they have to, just live poverty porn stars that live in the Valley instead of the beach in LA like celebrities

Brooklyn is poverty for wannabees. The dreamers who go into Manhattan to "go to restaurants" and then get back on the Subway, or if they worked OT that week and have "a little extra" take an Uber X home.

Why bring up Brooklyn?

FYI plenty of millionaires live there too, but your post shows you don't live in NYC 100% srs.

As far as I know people live in Brooklyn because the vibe is different. Manhattan is very corporate/touristy I think. Despite that, I live there and not Brooklyn because I prefer the corporate/touristy vibe