More NYC Renters Spend Half Their Income On Rent

In a NY Post story, Rep. Anthony Weiner of NY’s 9th Congressional District said that more than one quarter of New Yorkers are spending half of their monthly income on rent. He said data shows there are now more than 572,000 people in the city who have to shell out half their income on rental housing. That’s up more than 82,000 in six years.

Overall, 27.5 percent of city residents spend half their income for rent, he said. Bronx residents are the hardest hit: 33.1 percent pay half or more in rent. Manhattan has the lowest level at 23.7 percent. Queens has risen the fastest, from 22.3 percent six years ago to 27.7 percent now. I guess Jersey is the way to go if you want lower rent, although you risk respiratory issues with all the chemical plants and oil refineries in the area. I’m fine, though. *cough*. See.