New Yorkers spend nearly 60% of income on rent: study

The rent is too damn high — and that's just the half of it.

City residents are now shelling out nearly 60 percent of their income to live here, according to a new study by the Web site StreetEasy.

The median monthly city rent is set to hit $2,700 — or more than 58 percent of residents' median income.

And surprisingly, Manhattanites aren't the worst off.

Residents of Brooklyn must grapple with the highest median rent cost — 60 percent. They're followed by those in The Bronx at 52 percent, Manhattan at 48.8 percent, Queens at 41.4 percent and Staten Island at 30.1 percent.

"Without a meaningful boost to incomes, New Yorkers will continue to put more and more of the monthly paycheck to rents," warned Alan Lightfeldt, StreetEasy's data scientist.

"Rent and income have been going in opposite directions, creating an increasingly unaffordable rental market."

The dismal 60 percent figure is double federal guidelines, which suggest that a third of a household's income be spent on rent.

The city's housing crisis is so extreme that in December, 70,000 people applied for 38 affordable-housing units in Williamsburg, Brooklyn, said Jack Nyman, executive director of the Steven L. Newman Real Estate Institute.

He warned that the city is in danger of becoming a "gated community" because of high prices.

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