Bronx has a median rent to income ratio of 45%, while Manhattan is 30%. This is primarily due to the fact that median income for Manhattan renters is double what it is in the Bronx, but rent doesn’t scale up the same. Against my own expectation, this makes Manhattan a reasonable-ish place to live, at least if we’re just talking about rent and income.
In addition to the other replies, it can also matter where in NYC you’re talking about
https://metropolismoving.com/blog/housing-costs-nyc/
Bronx has a median rent to income ratio of 45%, while Manhattan is 30%. This is primarily due to the fact that median income for Manhattan renters is double what it is in the Bronx, but rent doesn’t scale up the same. Against my own expectation, this makes Manhattan a reasonable-ish place to live, at least if we’re just talking about rent and income.