Report: Half Of New York City Households Cannot Afford Cost Of Living

CBS New York

April 26, 2023

A new report finds many New Yorkers are struggling to afford basic needs as they deal with the rising cost of housing.

The report by the Fund for New York City found half of all city households do not make enough to meet the minimum cost of living.

Nearly 80% are considered "housing burdened," which means more than 30% of household income is going toward rent.

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