By John Del Signore
Median rent costs in Central Harlem increased by a vertiginous 90% between 2002 and 2014, according to a report analyzing newly-released census data. Meanwhile, in Bed-Stuy, the median cost of rent rose 63% over the same time period, prompting the neighborhood to change its infamous slogan to Bed-Stuy: Do Or Die Trying To Come Up With $2,000 Every Month Are You Kidding Me?
The new data was released last week by the U.S. Census Bureau, and is drawn from a survey of 18,000 New Yorkers, conducted by the New York City Department of Housing Preservation and Urban Development. And while the conclusion drawn by the report’s author, the Community Service Society, isn’t new (NYC rents are obscene—News at 11), it is shocking to consider just how astonishingly unaffordable parts of NYC have become—especially areas that were once considered to be a relatively affordable alternative to more high-priced neighborhoods.
The report focuses only on tenants who have recently moved, which CSS says “eliminates the tendency of lower rents paid by long-time tenants to smooth out market changes and mask the changes that affect tenants who are looking for a place to live.” Check out the map accompanying the report; along with the unsurprising increases of over 50% for Williamsburg, Greenpoint, and south Brooklyn, we’re also seeing sizable rent increases in parts of the Bronx, Inwood, and what appears to be Jamaica, Queens.
Read More Harlem Rents Are 90 Damn Percent Higher Than In 2002: Gothamist.