"NYC was quite different back then - regular people could afford to live in the city."
Who lives there now? Audiophiles only?
Some of the better lyricists and musicians in rap and hiphop?
West Village one bedroom 1983 (my apartment) $318/month Average cost today: $3,500/month Given standard landlord metrics, this would require a minimum income of around $140K. In the early 80’s a lot of creative people could afford to live downtown - not so much anymore. As a result it’s nowhere near as interesting an environment today as it was back then, IMO. |
I do not have much explanation, but (in 2019) average income in Manhattan was $50 000. Take away some very rich people and average for non-billionaires may be even less than that. It is more than 1 600 000 people living there. They obviously make it somehow. Even if two regular parents make $50 000 each, it still does not come to $140 000. What is the secret? average income in manhattan - Google Search |