The Cost of Living in NYC Continues to Rise

NEW YORK – The cost of living New York City continues to rise with residential real estate hitting record prices in 2017 according to a June 2017 report by Politico. According to a second quarter market report by real estate brokerage firm Douglas Elliman, the average price of owning a residential property in New York City has climbed 8% to the cost of $2.2 million. The average rent for a two-bedroom apartment in New York City is currently set at $3,156 according to a May 2017 Report by Rent Jungle. “On…

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