NYC Incomes Would Need to Double to Afford Rent of Vacant Units, City Says

New York City’s housing crisis is so acute, the city’s median household income would need to almost double just to afford the median asking rent for a vacant apartment, city officials said Tuesday.

The Housing and Vacancy Survey also found there’s almost no low-cost housing left — vacancies in units under $1,500 a month are at a 30-year low. And among those who are housed, one out of every eight families missed at least one rent payment in the last year.

The survey, conducted triennially for the city by the U.S. Census Bureau for the last 57 years, is required to determine whether a housing emergency still exists,

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