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Business

You now need $215,000 a year to afford the typical Manhattan apartment as NYC rents hit a record $3,785 a month—and buying costs $7,000 more

By Catherina Gioino Fortune
You now need $215,000 a year to afford the typical Manhattan apartment as NYC rents hit a record $3,785 a month—and buying costs $7,000 more

Feed excerpt — reported by Fortune

Rents for studios through two-bedrooms jumped 7.1% in a year, far outpacing New York wages, which rose only 4.2%.

MAP records observable characteristics of the original article (publisher, author, date, references, framing cues). MAP does not verify the article’s claims or score it. Read the full original story at Fortune →

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This article was syndicated from Fortune. All rights remain with the original publisher.

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