LIC Roommate Rent Jumps 36 Percent In One Year: Data

LONG ISLAND CITY, QUEENS — Longtime Long Island City residents are no strangers to the actual strangers coming into the neighborhood, but new data shows the influx of new residents is sparking a sharp increase in rent.

Long Island City was among the 10 neighborhoods in New York City that saw the highest rent increase year-over-year, marking the fifth position, according to roommate matching site SpareRoom.

Rent in Long Island City jumped 36 percent with a roommate paying an average of $2,053 in rent by the end of 2022, compared to $1,510 in the last three months of 2021.

Greenpoint, Gramercy Park, Clinton Hill, and Bay Ridge ranked just above Long Island City in top rent increases.

Queens overall saw an annual rent increase of 16 percent, while Brooklyn ticked up 18 percent and Manhattan nine percent.

The data shows that the cheapest neighborhoods are also located in Queens, with Elmhurst and Woodside reaching the top two positions in the list of lowest rent across the city.