America

See Size Your Apartment’d Need to Be to Avoid ‘Rent Burden’

see-size-your-apartmentd-need-to-be-to-avoid-rent-burden

What to Know

  • A new study from RENTCafe found that in order to avoid rent burden in New York, youd have to live in an apartment with less than 300 sq ft.[hhmc]

  • The only other city with a smaller average space is Boston. [hhmc]

  • A study by the Citizens Budget Commission found that 44% of all New Yorkers are rent burdened.[hhmc]

A new study has found that in order to avoid rent burden — spending more than 30 percent of your income on rent — on a median income in New York, youd have to live in an apartment with less than 300 square feet of space.

The only other city with a smaller average space is Boston. Out of the 100 large cities in the RENTCafe study, only 14 offered larger than average apartments without rent burden.

A study by the Citizens Budget Commission found that 44 percent of all New Yorkers are rent burdened, and morRead More – Source

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NBC

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