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The Bronx is not a cheap neighborhood unless you live in subsidized housing lol.
Geez that’s expensive. I have my share of complaints about Chicago and taxes, but rent is definitely way more doable here.
Also, just realized that California makes up 60% of this list. Crazy
The bronx is NYC.
The Bronx is not even close to cheap to live in
No Seattle?
Yes
And remember, this is just for a 1 bedroom!
Philly might be a dump, but I’m not paying $2k for a 1 br.
Pro
Lol Philly and NYC don’t belong in the same sentence.
OP, did you think NYC wouldn’t appear on this list for some reason? You sound surprised.
Paying over 3k to live in a one bedroom apartment in the city of the infamous “Pizza Rat” must be a joke.
Dude is just trying to get by and feed his turtle children as a single father. What's your beef with that?
Pro
Average hit ~5k didn’t it?
https://www.cnbc.com/amp/2022/07/14/average-rent-in-manhattan-was-a-record-5000-last-month.html
I believe this is probably calculated including existing rental agreements not just the cost of new lease contracts.
This sort of methodology is why CPI has remained so low in the rents and ORE category because existing rents are factored into the total rents, so if only 10% of leases or new housing waere transacted in the past 12 months, even at a 30 or 40% increase, that would still only push up CPI for rents and ORE like 3 or 4%, and then that bucket does make up 40% of the total CPI, so a 30-40 jump in current market rent/mortgage costs only raises CPI by 1.2 to 1.6%. (All rough math)
Yeah and even with this Bay area salaries are 80k for next year, whereas NY seems to still be at 74k.
I've seen A2s in Bay at 85k (progressing mind you) whilst experienced associates in NYC make 76k.
Chief
I pay 4600 for a 1 bedroom in Brooklyn
Capitalism in full effect. The UK is costly but not this bad.