Manhattan renters need to earn $90,000 above median income to avoid being rent burdened

Economists and housing experts have recommended that a household’s housing costs should not exceed 30 percent of its income. However, according to a new analysis by the online search portal RENTCafe, renters in many of the largest US cities are “rent burdened” — or having to pay above 30 percent of their income to afford their city’s median rent.

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