Rents grew seven times faster than wages in NYC last year

… The rent is still too damn high and its growing faster than … keep up according to a new report from StreetEasy Asking rents in New York City grew seven times faster than average … US Bureau of Labor Statistics  While earnings increased by 12 percent on average from 2022 to 2023 average asking rents …

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