Suburbs Over Cities: Housing Shortages Push Millennials Out
<p>A new report indicates half of New York City’s households are unable to comfortably hold down an apartment, access sufficient food and basic health care, and get around. <a href="https://www.fcny.org/nyc-true-cost/" rel="noopener ugc nofollow" target="_blank">The study</a> reveals New York City is facing its worst affordability crisis of the last two decades. Nearly 80% of households that did not bring in enough to meet the minimum cost of living in the city ended up contributing more than 30% of their income to housing. Additionally, the study found that <a href="https://www.nytimes.com/2023/04/25/nyregion/affordable-housing-nyc.html" rel="noopener ugc nofollow" target="_blank">households in all five boroughs</a> needed to be pulling in at least $100,000 to afford housing, food and transportation, and to have a shot at being able to plan for the future.</p>
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