New York City Rents Are Still Rising: Here's How Much You Need To Earn To Snag an Apartment in Each Borough
Briefly

"Although New York City was one of the rental markets that saw the steepest rent declines during the [COVID-19] pandemic, its median asking rent rebounded to pre-pandemic levels by spring 2022 and has continued to rise annually since then."
"The average New Yorker spends around 38.1% of their income on rent, much more than the recommended 30%. This indicates a significant strain on residents, highlighting concerns about affordability in the city's housing market."
Read at Real Estate News & Insights | realtor.com
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