Average annual rent for a two-bedroom unit in south Manhattan exceeds $48,000, a figure that rivals or exceeds the yearly earnings of many low-wage workers, says a report from the Fund for the City of New York
Nearly half of NYC households struggle to meet basic needs and the burden in affording basic needs falls heaviest on Hispanic and Black families throughout New York City, a new analysis prepared for the Fund for the City of New York finds.
Income disparities split sharply along racial and ethnic lines,...