If there's one thing New Yorkers can unite on, it's the unforgiving cost of living, which only getting harder to afford.
If your lease is up or if you're looking for an apartment in the city, here's a warning for you. The average monthly rent in New York City has jumped to a record-high of nearly $5,600."The rent is too damn high, not sustainable in this city," renter Paul Scalet said.
Renters in Hell's Kitchen could relate to the hike, in fact the average price there is nearly $4,400 per month. The aftermath of the pandemic coupled with inflation and rising interest rates continues to lash the rental and real estate market. One example: census data shows the population fell slightly by 5.3% from April 2020 to July 2022, when people were working from home during the pandemic and moved to other states with lower costs of living. The supply they left behind, which is technically still there, would normally translate into lower prices.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Let's rank the new Real Housewives Of New York City, shall we?Who among season 14's rookies has the most reality star power?
Read more »
New York City doctor accused of drugging, filming rape victims at home, hospitalA doctor in Queens is facing charges for allegedly drugging and sexually abusing multiple women, both at his apartment and at a hospital. Prosecutors have recovered videos showing the alleged abuse, with the victims appearing to be unconscious. Josh Einiger reports.
Read more »
Hugo Boss Takes Over Italian Restaurant in New York CityA Pasta Bar in Soho will serve themed cocktails alongside authentic Italian fare for the next three months. Hugo Boss combines authentic Italian gastronomy and sophisticated tailoring with inventive cocktails, top-notch dishes, and an exclusive range of apparel.
Read more »
Harlem River environmental boat tour highlights disparities between New York City neighborhoodsOn Monday, local, state and federal leaders joined environmental activists to tour the Harlem River by boat. TVJessi shows us how they hope to tackle disparities between different parts of the city.
Read more »
Woman Bitten By Shark In ‘Rare’ Attack Off New York City BeachA woman was seriously injured after a shark attacked her off of New York City’s Rockaway Beach. The unidentified 50-year-old woman was swimming about 10 feet out in the water when she was bitten on her left leg. She was hospitalized with a massive thigh wound.
Read more »
Recent Shark Attack and Sightings in New York CityAuthorities have spotted multiple sharks off the south shore of Long Island, raising concerns after a string of shark bites in the area. Drone patrols have been increased to monitor the situation. The victim of a recent shark attack off Rockaway Beach has been upgraded to stable condition.
Read more »