Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch.
Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found.
"If these tech employees can't afford housing, then who can?"
But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes.
The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.
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