Since 2010, rents in new York is growing two times faster than wages. Talking about the data in the report of analysts of the real estate StreetEasy and the Department of labor of the city.
So, if in 2010 you gave for the apartment per month 2 thousand dollars, but this year she will have to pay $ 2657. As a percentage of the average cost of the arena in the Big Apple grew by 3.9% in 2010. But the average salary over the same period increased by only 1.8%.
The most expensive areas, according to StreetEasy, it’s East Harlem, Inwood and Washington Heights.
Worst of all, the report says, is the case with the salaries of this segment of the workforce as home help, assistants, dentists, or other «Junior» medical staff. Their income dropped by 1.1% over the past seven years.
«As new Yorkers who earn little, are compelled to spend more on rent, it becomes extremely difficult to pay for the services of health or education of their children,» says a senior economist at StreetEasy Grant long.
Almost 60% of new Yorkers do not have sufficient savings to cover the cost of food and housing, at least three months. This means that they are at risk of eviction or inability to pay the loan.
According to the latest data, about 59 thousand inhabitants of new York spent the night in shelters on Sunday. The number of families with children in shelters has increased by almost 49% in comparison with 2010 (with 8600 families to more than 12800).
Note that the level of wages in the IT sector, on the contrary, for seven years, only grew — and with 2010 increased by 2.8%. In addition, new York is not the worst situation. Rent in cities such as San Francisco, Seattle and Los Angeles is growing even faster.
