Questioning New York City’s Affordability

“New Yorkers assume that we live in the most expensive city in the country, and cost-of-living indexes tend to back up that assertion. But those measures are built around the typical American’s shopping habits, which don’t really apply to the typical New Yorker – especially not college-educated New Yorkers with annual household incomes in the top income quintile, or around $100,000. ”

[New York Times, 4/23]