More than 1 million households in New York City are rent-burdened, which means they are paying 30 percent or more of household income on rent, and nearly 600,000 of those households are severely rent-burdened, or paying more than 50 percent of their income on rent, according to the newly released NYU Furman Center/Capital One Affordable Rental Housing Landscape.
The Cost of Renting in New York City
by Irma Wallace | Apr 24, 2014 | Home & Garden Infographics