Getty Images(Bloomberg)—Living alone in New York City is getting tougher for those earning less
Solo renters in some popular Brooklyn neighborhoods -- Prospect Heights, Brooklyn Heights, Fort Greene and Cobble Hill -- now require a yearly salary of at least $100,000, but didn’t five years ago, according to a study by StreetEasy. Manhattan’s Lower East Side also entered the six-figure club.
StreetEasy looked at neighborhoods with at least 250 rentals available in 2019 and determined the salaries needed to afford a median one-bedroom or studio apartment, assuming no more than 40% of income is spent on rent. Manhattanites living alone would need a gross income of $115,800 -- more than twice the city median of $57,782, StreetEasy said.
Some of the city’s most-affordable neighborhoods required the biggest salary raises over the past five years. Renters in Brooklyn’s East Flatbush section now need to earn $68,000 to live alone, 33% more than in 2014. The requirement for Central Harlem is $82,000, up 21% and the biggest jump in Manhattan for the period.
To contact the reporter on this story: Sydney Price in New York at [email protected].
To contact the editors responsible for this story: Debarati Roy at [email protected]
Christine Maurus
© 2019 Bloomberg L.P.

