In Long Island City, with a $3,300 two-bedroom apartment median rent and a median household income of $28,378, tenants pay 139.54 percent of their incomes on rent. (Photo by King of Hearts/via RentHop.com)
By Sabina Mollot
In news that is certain to surprise absolutely no one, New York City fared the worst when compared to four other major cities in a study looking to determine which cities have the fewest neighborhoods with affordable two-bedroom apartments.
Additionally, in New York City, the neighborhoods with the highest low income to high rent ratio were the Lower East Side, Williamsburg and Long Island City.
Upper East Side-Carnegie Hill was actually the most affordable to the neighborhood’s own residents with an average household income of $155,213 and average two-bedroom rent of $3,555. The median income for all of NYC is $55,752 with a 2.4 person household.
The study was conducted by RentHop, an online apartment listings directory.
This year marks the 25th anniversary for NYC Restaurant Week and a number of Union Square, Flatiron and Gramercy establishments are have been participating in the event. Restaurants participating in the event are offering three-course lunches for $29 and dinner for $42, not including beverages or gratuity. Restaurants participating offer a special menu from Monday through Friday, with Sunday optional, and a handful here are offering special menus for lunch and dinner on Sunday as well. The event kicked off on July 24 and is running through August 18.
Click through for a selection of neighborhood restaurants participating this year.