NYC rent prices increased 7 times faster than wages in 2023: report

NEW YORK CITY (PIX11) – Rent prices increased seven times faster than wages in New York City last year, according to a new study from Zillow. While rent increased by 8.6%, wages increased by only 1.2% between 2022 and 2023 – a more dramatic difference than any city in the country. Since 2019, rent prices [...]