Rents grew seven times faster than wages in NYC last year

… The rent is still too damn high and its growing faster than … on average from 2022 to 2023 average asking rents grew by 86 percent during that same period according to the report   … a 73 percent increase  But those higher rent bills dont always encourage New Yorkers to move because of the high costs …

By Celia Young |May 8, 2024 - 11:30AM