NY faces cost of living increase as incomes stagnate

CUNY students protested a tuition hike.

No wonder everyone thinks New Yorkers are rude.

New Yorkers are getting squeezed from every corner – inching-up Metrocard prices, skyrocketing rents and a city where annual private tuition can reach $40,000.

Meanwhile, the city’s median household income didn’t change from 2000 to 2010, according to a report released yesterday from city Comptroller John Liu.

Twelve years ago, the median income was $50,539. It had barely moved, to $50,886, by 2010, according to Liu, whose office said it was adjusted for inflation. That means New Yorkers made $347 more as a household throughout an entire decade.

That leaves New Yorkers strapped for cash in a city where the price tags just keep rising.

Forbes reported in April that the cost of living in New York is 29.8 percent higher than the national average.

This bumped-up cost of living is reflected in pennies for everything from apartments to universities.

The city’s average rent was $853 in 2000 — a number that may seem nostalgic to many locals. In 2010, a median rent was $1,004.

If you’re in Manhattan, Citi Habitats spokesman Daniel Charles told Metro that in July 2002, the average apartment rented for $2,544. That shot up 27 percent, to an average of $3,461 in July 2012.

Liu said this leaves nearly half of New Yorkers — 49 percent — paying rents that federal benchmarks consider unaffordable, or costing 30 percent or more of household income.

“Working families should not be forced to leave town or live in inferior housing,” Liu said.

What else costs more?

Your wallet is taking a punch to ride the subway. A monthly Metrocard, which in 2000 was $63, is now, at $104 and may hike up to $109.

Food prices have increased 1.4 percent since just last year, according to the federal government’s Bureau of Labor Statistics.

And it costs more to get an education — the Columbia Grammar and Preparatory School made news this year when its tuition passed $40,000. It is now $40,140 per year for twelfth grade.

That’s not the only school with high numbers – tuition at the City University of New York has increased by 188 percent since 1990, according to the Professional Staff Congress, the school’s faculty and staff union. Tuition cost about $2,500 in 2000, and now is nearing $4,000, according to the report.



News
Entertainment
Sports
Lifestyle
Local

Apple says its systems not to blame for…

By Edwin Chan and Christina FarrSAN FRANCISCO (Reuters) - The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of…

Local

Tallest residential building planned for lower Manhattan

A residential tower planned for lower Manhattan will soar 1,356 feet in the air -- just 12 feet shy of 1 World Trade Center. When…

Local

Bronx man commits suicide by decapitation

A Bronx man committed suicide Monday morning in the Hunts Point area of the Bronx by decapitating himself. According to the NYPD, the 51-year-old man…

Local

Top cops enroll in Twitter course at John…

NYPD officers are reportedly getting a lesson on the best way to use 140 characters or less. The New York Post reported Tuesday top officers…

Arts

Pop culture and prostitutes: New Toulouse-Lautrec exhibit at…

Henri Toulouse-Lautrec documented the cult of celebrity and the rise of pop entertainment in his prints, posters and lithographs — now on display at MoMA.

Arts

PHOTO: Extreme artist Eskil Ronningsbakken balances unicycle on…

Extreme artist’ Eskil Ronningsbakken balances on the edge of a cliff face at 4,600 feet – on a unicycle. The Norwegian travels across the globe, balancing over vertiginous ravines, tall…

Music

Hear two previously unreleased Adele songs

Missing some Adele in your life? Two previously unreleased songs from the singer have appeared online.

Music

Lincoln Center just made 'Lord of the Rings'…

Middle Earth already has sweeping vistas, a hero's journey and technology-revolutionizing special effects. But next April, the Lincoln Center will add another dimension to Peter Jackson's…

NFL

10 storylines to watch for the Giants this…

The Giants rebounded from an embarrassing 0-6 start last season, but not well enough to make the playoffs.

NFL

Michael Vick set to be weekly guest with…

Mike Francesa may need to backtrack from his harsh commentary of Michael Vick now that the Jets backup quarterback will be a weekly guest on his show.

NFL

Jets expect to make playoffs after sitting on…

The same pundits who predicted the Jets would be woeful a season ago are now eying the playoffs for this revamped team.

NFL

Antonio Allen returns to practice after concussion

Antonio Allen was cleared to practice again following his concussion two weeks ago.

Parenting

In defense of making a mess during playtime

"Recipes for Play" authors Rachel Sumner and Ruth Mitchener think playtime should involve the five senses and making a mess is part of the fun.

Wellbeing

Jason Hope helps push anti-aging efforts forward

Reporter was commissioned to write this in-depth article When it comes to age-related illness, the direction of modern medicine seems more reactive than proactive. In…

Wellbeing

Today's Doomsday preppers: a closer look at survivalist…

Reporter was commissioned to write this in-depth article. The term “Doomsday prepper” is often associated with the paranoid, anti-government stereotype of the 1990s. The truth…

Education

These college students think breakfast is the most…

  It should be no surprise that the city that never sleeps is also home to the most students who like to order food in…