• Zangoose@lemmy.world
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    8 days 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