Affordable Housing Crisis Deepens for New York Renters as Rents Outpace Wages

1 in 3 NYC tenants spend at least half their income on rent, with rent burden worsening over last 2 decades
Median NYC renter household earns only $60,600, far below area median income, showing crisis impacts middle class
84% of households below poverty line, around $25,000 for family of 3, spend over half income on rent, at high eviction risk
Rent regulations helping stabilize costs for median rent-stabilized household earning under $47,000, showing importance of protections
NYC and NYS ambitious housing goals to build 500,000+ units falling short so far, underscoring need for more affordable development