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NYC Rents Hit Record $3,785 as Affordability Gap Widens

A report finds that a typical Manhattan apartment now requires a $215,000 annual income, as rents rose 7.1% in a year, outpacing wage growth of 4.2%, and buying costs about $7,000 more per month than renting.

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Oct 27, 3:00 AM fortune.com 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
Oct 27, 3:00 AM nypost.com Buying a home in NYC costs city dwellers a shocking amount more per month than renting: report