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Map: It's Cheaper To Rent Than Buy In NYC
By
Jen Chung
Published Jan 24, 2011
Modified Jan 24, 2011
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By
Jen Chung
Published Jan 24, 2011
Modified Jan 24, 2011
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Real estate website Trulia conducted a study (based on information on its own site) about where it's more affordable to rent or buy in the top U.S. cities—and, surprise, surprise, New York City takes top honors for being more affordable to rent than buy. According to Trulia, the median list price (for the top 50 cities) is $140,201.37, but the median price for a 2-bedroom apartment in NYC is $1.3-1.4 million! Median rent (for the top 50 cities) is $1,871.65, but it's $3500-4000 in NYC for a 2-bedroom apartment.
More details here.
Tagged
real estate
rent
rent vs. buy
trulia
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
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