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Politics

Average NYC income needs to double just to afford higher median rent, city study finds

By Isabel Song Beer Posted on May 17, 2022
GettyImages-1044334170-1200×801-1

New Yorkers need to double their average income just to afford the escalating median rent in the Five Boroughs, a study from the city’s Department of Housing Preservation and Development (HPD) revealed.

That was just one finding released Tuesday in the HPD’s annual survey conducted to evaluate housing and vacancy throughout the city.

See the full article at amNY

Average NYC income needs to double just to afford higher median rent, city study finds

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