In New York City, the typical household spends more than half of its income on rent and 100,000 people sleep in homeless shelters every night.
“This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in Manhattan have topped $5,400 a month.
The city’s cost-of-living crisis extends to food, child care and other parts of daily life: 1.4 million people, or 15% of the city’s population, is food insecure. A family must earn $334,000 to afford child care for a 2-year old, according to US Census Bureau data.
Zohran
“This is what a full-blown affordability crisis looks like,” said Manhattan Borough President Mark Levine in a December report. Median rents in Manhattan have topped $5,400 a month.
The city’s cost-of-living crisis extends to food, child care and other parts of daily life: 1.4 million people, or 15% of the city’s population, is food insecure. A family must earn $334,000 to afford child care for a 2-year old, according to US Census Bureau data.
Zohran
1 month ago
