New York tech workers make $135,000 on average, but can't afford the vast majority of apartments on the market
New York City's home vacancy rate is just 1.4%, its lowest in over 50 years.
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- Rents in New York City rose more than seven times as fast as wages last year.
- A new report says tech workers earning $135,089 annually could only afford 35% of rentals in the city.
- As tech workers flood into the city, housing supply and high costs strain affordability for all.
Housing costs in New York have long been unaffordable. But the Big Apple is breaking the worst kinds of records these days.
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