New York City Residents Spend Almost 60 Percent Of Income On Rent

[From article]
City residents are now shelling out nearly 60 percent of their income to live here, according to a new study by the website StreetEasy.
The median monthly city rent is set to hit $2,700 — or more than 58 percent of residents’ median income.
And surprisingly, Manhattanites aren’t the worst off.
Residents of Brooklyn must grapple with the highest median rent cost — 60 percent. They’re followed by those in The Bronx at 52 percent, Manhattan at 48.8 percent, Queens at 41.4 percent and Staten Island at 30.1 percent.

http://nypost.com/2015/03/03/new-yorkers-spend-nearly-60-of-income-on-rent-study/

New Yorkers spend nearly 60% of income on rent: study
By Jennifer Gould Keil
New York Post
March 3, 2015 | 5:43am