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Jewish News 24 · Oct 27, 2026

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Manhattan’s median asking rent has climbed to $5,375 per month, up 8.3% from last year, according to a new Realtor.com report cited by CBS New York. Renters now need an annual household income of approximately $215,000 to comfortably afford a typical Manhattan apartment under the 30% income guideline. The study also found that buying a median-priced home in New York City costs nearly $7,000 more per month than renting, highlighting the city’s worsening housing affordability crisis.

Manhattan’s median asking rent has climbed to $5,375 per month, up 8.3% from last year, according to a new Realtor.com report cited by CBS New York. Renters now need an annual household income of approximately $215,000 to comfortably afford a typical Manhattan apartment under the 30% income guideline. The study also found that buying a median-priced home in New York City costs nearly $7,000 more per month than renting, highlighting the city’s worsening housing affordability crisis.

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