Posted on 08/10/2023 12:15:41 PM PDT by ChicagoConservative27
The average monthly rent in Manhattan rose to a record $5,588 in the month of July as inflation and higher interest rates push rental prices to new record levels, according to a report from Miller Samuel and Douglas Elliman.
Manhattan’s new average monthly rent of $5,588 is up more than 9 percent from last year, when rent was $5,113, according to the report. The median rental price also reached a new high of nearly $4,400, up more than 6 percent from last year, marking the fourth time in five months Manhattan has hit a record. The report found the average rental price per square foot also increased 4.3 percent over the past year to a new high of $84.74.
The new average rental price is $3,278 for a studio, $4,443 for a one-bedroom, $6,084 for a two-bedroom, and $10,673 for a three-bedroom, the report found.
(Excerpt) Read more at thehill.com ...
$6,000 a month for a 2 bedroom civilian barracks apartment?
A sucker born every day...
You pay a premium price to be in Manhattan, rather than the outer boroughs.
I would pay that to NOT live anywhere in New York.
Wonder what “The Rent is Too Damn High” guy is saying now?
Beat me to it...
how will these uninvited guests pay for this? prostitution? theft? election muling? bagmen for bidens 10%?
Manhattan definitely needs a couple hundred thousand Illegal Aliens to compliment their city...
That’s about 5% per year since I moved to Manhattan in 1977. I rented a large 1 bedroom with a balcony on the 16th floor of a nice doorman highrise on 80th and 1st for $450.
Thank you.
Just...... thank you.
Democrats may talk a good game about being the biggest protectors and defenders of the poor and middle class against the big bad rich people and their corporations. But give them the reins of power over a city or state long enough and they make it much too expensive to live and survive for everyone except the rich and wealthy.
Witness the top 11 most expensive cities in the United States to live in. All controlled by democrats.
https://www.kiplinger.com/real-estate/605051/most-expensive-cities-in-the-us
$5588 a month is just ever so slightly out of my price range.
How much for a cardboard box in an alleyway?
New York the new Chicago east.
So using 1/3 as max percentage of income to rental fee, using the $5588 per month rent X 12 Months yields a required income just over $200,000 yearly income. WOW!
Which is not an exceptional income these days, what with UPS drivers about to make $170,000 in their new contracts. $200,000 is the old $50,000 of 20 years ago.
Must be a lot of Biden type criminals to afford that.
“Witness the top 11 most expensive cities in the United States to live in. All controlled by democrats.”
Most of the cheapest cities to live are also controlled by RATS:
https://www.kiplinger.com/real-estate/places-to-live/601488/25-cheapest-us-cities-to-live-in
.
I might consider living temporarily for one year in Manhattan
if you paid me at least one million dollars.
Maybe.
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