Many dream of traveling to the “Big Apple” and settling down in a stable way, buying a house or renting an apartment, but all in relation to work and study in New York, one of the most coveted cities in the world; however, most young people who achieve this feat settle on the outskirts of the city or choose to rent shared housing to lessen the expensive life of a New Yorker.
This, starting from The average price for a room with a private bathroom starts at 1,700 dollars (around 33,870 Mexican pesos), while those with a shared bathroom are around 1,000 dollars per month (around 19,923 pesos). Without considering that the highest minimum wage in New York is $15 an hour for employers with more than eleven people on the payroll and $13.50 for smaller businesses, that is, between 268.97 and 298.86 Mexican pesos.
However, experts from Columbia University agree that there is a downward trend in rental prices, after reaching record levels in the summer. This after the national median income rose 14 percent last July, compared to the same month last year, the smallest annual increase since November 2021, according to a new report from Redfin. Although that high percentage is still lower than the 15 percent of June and 16 percent of May.
“You are not seeing an increase in rental prices so quickly, the rental market is relaxing a bit”, explains Christopher Mayer, a college real estate professor.
According to the specialist, people looking to rent an apartment right now could have a better experience than if they had rented a few months ago, so it is possible that the market will stabilize a little more at the end of this year.
According to the Redfin apartment search website, much will depend on where you decide to live, because although the United States in general is already a country with high capital gains, cities in Florida, such as Boca Raton and West Palm Beach, reflect a decrease in rents of -0.1 and -0.5 percent respectively, while in California, coastal places like San Diego continue to increase their costs year after year.
Rent apartment in New York for more than 19 thousand pesos
This scenario is demonstrated by the story of Ron Ervin, a TikTok user who is causing a sensation by showing the apartment he rents in New York for almost a thousand dollars (about 19,910.40 Mexican pesos) and is only 9 square meters.
As expected, many users limited themselves to the fact that the young man lives in one of the most expensive cities in the United States, where he shows the $950 a month space that consists of a single bed, a set of drawers that he uses as a desk. and a clothes rack for all your clothes, plus a small integrated kitchen area with a mini-fridge, a grill, a sink, and a wall cabinet.
@ronervin #stitch with @axelwebber #nyc #newyork #newyorkcity #nycapartment ♬ original sound – Ron Ervin
In the short video, Ron Ervin takes a brief tour of the place he moved to over a year ago, saying he found it on Craigslist (a classifieds website) in search of mobility and status rather than home comfort, Well, it’s located in St. Mark’s Place, a “fun neighborhood” near New York University.
“In New Yorkyou are always away from home, so the city is a kind of living room”, He says.
This story shows that one of the least accessible places for the majority of the population is New York, because, depending on the area, high rental costs are worrying because they represent a large part of family expenses. In Rochester, for example, the rent rose 15.3 percent this 2022, compared to the cost of last year, on average, according to data from Apartment List, a two-bedroom apartment in this New York area cost 1,318 dollars in August , comparing it with the thousand 116 dollars of the same month of 2021 (a change from 22 thousand 235 to 26 thousand 259 Mexican pesos in one year).
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