Making the Rent: Who's At Risk? Rent-Income Stresses and Housing Hardship among Low-Income New Yorkers
Summary: Rents are taking a larger bite out of New York City household budgets. Between 1996 and 2005, median contract rents in private, unsubsidized units rose by 50 percent (from $600 to $900), outpacing median renter incomes, which increased only 31 percent (from $29,000 to $38,000). The result is that, for many renters, relatively static household incomes have had to stretch further simply to meet rising rents. This report takes a closer look at the characteristics of households grappling with intense rent-income pressures, those who are most at risk.
Issues: Affordable Housing
Related Downloads:Making the Rent: Who's At Risk? Summary (2008)