Rent in New York is more expensive than in any US city

Prices are rising like grass after rain, especially among renters whose pockets are suffering from the blows of inflation. Silive told how much you need to earn per month to rent a one-room apartment in New York, and compiled a list of the most expensive cities for renting housing.

For New Yorkers rent still remains one of the most pressing issues. The average rent in the US is $1 per month. This amount may raise eyebrows among New Yorkers because apartment rental in the state the most expensive in the United States.

The average rent for a one-bedroom apartment in New York City is $3 (approximately $495 per year). The average income of a New York resident is about $41 per year. To afford such an apartment and not exceed 940% of your income (budgeting rule in the US), you need to earn $65 a year.

The typical gap between a tenant's income and the required rental income is $74. It depends on another factor - gender. For New Yorkers, the gap for men is $483, while for women it is $72.

To rent a one-bedroom apartment in Miami with an average rent of $3, a Florida resident would need to earn $000.

On the subject: Renting housing in New York: in which areas of the city you can bargain profitably

The median income in the Sunshine State is $41, so the amount of the gap between income and rent is actually higher than in New York City. The gap for renters in Miami is $287. For men it is typically $78, while for women it is $713.

Top 5 most expensive cities for rental housing

1. New York city:

• Average cost of renting a one-room apartment: $3
• Average income: $ 65 317
• Income needed to pay rent: $139

2. Miami, Florida:

• Average rent for a one-bedroom apartment: $3
• Average income: $ 41 287
• Income needed to pay rent: $120

3. San Francisco, California:

• Average rent for a one-bedroom apartment: $3
• Average income: $ 103 978
• Income needed to pay rent: $120

4. Irvine, California:

• Average rent for a one-bedroom apartment: $2
• Average income: $ 91 246
• Income needed to pay rent: $108

5. Boston, Massachusetts:

• Average rent for a one-bedroom apartment: $2
• Average income: $ 72 077
• Income needed to pay rent: $106