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Manhattan Rent Implies $215,000 in Annual Household Income Under 30% Rule

The New York City median asking rent reached $3,785 a month, up 4.5% year over year, while estimated homeownership costs exceeded citywide rent by $6,952.
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The New York City median asking rent reached $3,785 a month, up 4.5% year over year, while estimated homeownership costs exceeded citywide rent by $6,952.