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Here’s what you need to earn to afford a home in each NYC neighborhood
NY Post ^ | 07/03/2024 | Margaret Heidenry

Posted on 07/03/2024 1:40:11 PM PDT by ChicagoConservative27

People moving to New York City should come with a dream, a good pair of walking shoes—and, depending on where they plan to live, a million-dollar salary.

Six neighborhoods in the city require homebuyers to earn seven figures to even consider making an offer on a tony address, according to new research compiled by Realtor.com®.

The most expensive neighborhood in the five boroughs is Nolita, where the median home costs an eye-watering $5,351,875.

Any aspiring or current New Yorker who wants to live in the four-block-wide Manhattan neighborhood—which is now the center of trendy boutiques and chic restaurants—needs to earn $1,433,781 a year to afford a home there.

“The six most expensive ZIP codes in the NYC metro area all require a minimum household income of more than $1 million to remain within affordability recommendations,” says Realtor.com® senior economic research analyst Hannah Jones. “These areas attract luxury buyers with median listing prices of $4 million or more.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Local News; Reference; Society
KEYWORDS: afford; home; neighborhood; nyc
All I could afford is a cardboard box in the Bronx. I will pass.
1 posted on 07/03/2024 1:40:11 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

F NYC, I wouldn’t drop a good Texas turd in that city.


2 posted on 07/03/2024 1:44:51 PM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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To: ChicagoConservative27

You’re lucky - you had a box!


3 posted on 07/03/2024 1:47:34 PM PDT by castlebrew (Gun Control means hitting where you're aiming!))
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To: ChicagoConservative27

If you don’t mind living 3 hours outside Manhattan in Utica, NY you can probably buy a fixer-upper for $40K.

Of course your neighbors will be family of 15 from Yemen

But you get what you pay for.


4 posted on 07/03/2024 1:48:57 PM PDT by PGR88
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To: PGR88

Yemen?? How did they get to Utica of all places?


5 posted on 07/03/2024 1:49:40 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

Clinton probably.


6 posted on 07/03/2024 1:55:46 PM PDT by Harmless Teddy Bear ( Roses are red, Violets are blue, I love being on the government watch list, along with all of you.)
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To: ChicagoConservative27

A buck when I wuz a kid in the 50s was a big deal.

Sad to fast forward to today.

I think the last time I bought gas for $0.299/gal was in Calif. circa 1973.

A 2% Inflation target is total B$ in multiple ways.


7 posted on 07/03/2024 1:56:48 PM PDT by Paladin2
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To: castlebrew

We used to live in a small shoebox in the middle of the road.


8 posted on 07/03/2024 2:12:44 PM PDT by one guy in new jersey
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To: ChicagoConservative27

Of be an illegal alien and get luxury accommodation in a nice hotel for free.


9 posted on 07/03/2024 2:38:02 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: ChicagoConservative27

Some squatters could live there free. For a while.


10 posted on 07/03/2024 2:47:01 PM PDT by Mark (DONATE ONCE every 3 months-is that a big deal?)
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To: PGR88

$40k lol maybe a shed you can convert.


11 posted on 07/03/2024 3:21:02 PM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
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To: one guy in new jersey; castlebrew
Four Yorkshiremen
12 posted on 07/03/2024 4:07:15 PM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
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To: ChicagoConservative27

I would bet 100 illegal invaders could pool their government bennies and buy it. Move ‘em in. Allow the elites the excitement of living next door to the Biden-endorsed criminals and sociopaths.


13 posted on 07/03/2024 4:11:21 PM PDT by sergeantdave (AI training involves stealing content from creators and not paying them a penny)
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To: ChicagoConservative27

“People moving to New York City..”

Should get their head examined.


14 posted on 07/03/2024 4:16:36 PM PDT by Bonemaker (invictus maneo)
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To: BigFreakinToad

They couldn’t pay me enough to move to NYC. Heck, I marked treehuggin’ Austin off my list ages ago.

Have you seen the price of Texas homes lately? $1.5M for what used to be less than half that 2 years ago and even that was too much.


15 posted on 07/03/2024 4:27:28 PM PDT by bgill (.)
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To: bgill
If I had $10 million I'd have my legal residence in New Hampshire (no income tax or sales tax) and a small condo/coop (about $500K) on the Upper West Side of Manhattan.NYC is a city I love to visit but I'd hate to live there. But if I had $20 million I'd live in NYC’s Connecticut suburbs.
16 posted on 07/03/2024 5:49:51 PM PDT by Gay State Conservative (Never Trust A Man Whose Uncle Was Eaten By Cannibals)
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To: bgill

Yes I have, land has become stupid expensive too. Prices are up because the owners know they can get it from all the refugees from the blue states. Thats why I predict Texas will be purple this time around.


17 posted on 07/05/2024 6:03:19 AM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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