9 years ago
It’s impossible to afford NYC rents on the minimum wage
A study found there is not one Big Apple neighborhood where a worker earning the state minimum can afford the median rent. In fact, a New Yorker would need to make at least $38.80 an hour — or more than four times the $8.75 minimum wage — to afford the city’s median asking rent of $2,690, if the worker is shouldering the rent alone, according to the real estate website StreetEasy.
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