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Who got that landlord money? (lemmy.ca)
submitted 1 week ago by n7gifmdn@lemmy.ca to c/memes@sopuli.xyz
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[-] Zangoose@lemmy.world 5 points 1 week ago* (last edited 1 week ago)

According to recent data from NYC (pretty expensive example but still) the rent-to-income ratio (median yearly rent / median yearly income) is ~55% citywide but up to 80% in the Bronx (which has the lowest income of the 5 boroughs)

https://www.realtor.com/research/nyc-q2-2025-rent/

Edit for clarity: the median income number is also per "household" (I'm assuming per apartment in this case), so it accounts for multiple working people living together

[-] tmyakal@infosec.pub 1 points 1 week ago

That 55% figure has been true of New York for decades. The ubiquity of public transit has historically offset the costs: since people aren't making car payments, the portion of their income that would go to that gets spread across other spending.

I would be more interested to see figures in more car-oriented areas for a better apples-to-apples.

this post was submitted on 04 Aug 2025
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