NYC’s most expensive apartments are jail cells

TRD NEW YORK /
Aug.August 23, 2013 05:20 PM

The most expensive neighborhood in New York City isn’t Tribeca or the West Village. It’s Rikers Island.

The city spent an average of $167,000 per inmate on its jail system in 2012, according to a new report from the city’s Independent Budget Office. That’s nearly three times the cost of New York State’s prison system and five times as much as the national average, according to data from the Vera Center for Justice and the Pew Center on the States.

Doug Turetsky, communications director for the IBO, said the agency has not looked in detail at why the city’s jails are so expensive. But the New York Times reports that 83% of jail costs go to employee wages and benefits, and that New York City has unusually high staffing ratios in its jails.

There is a silver lining: the city’s jail population has declined massively over the last two decades. New Yorkers are significantly less likely to be incarcerated than the national average.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Tenants and landlords are preparing for what to do when tenants do not pay rent this month. (Credit: iStock)

“They don’t deserve rent”: Tenants weigh rent strikes as landlords plan for the worst

Jason Lee and 435 West 19th Street (Credit: Larry Ford, Google Maps)

West Chelsea’s Pool House condo project heads to bankruptcy auction

Angel Oak Cos. CEO Michael Fierman and Flagstar Bancorp Inc. CEO Alessandro DiNello (Credit: Angel Oak, Flagstar, iStock)

Mortgage market dries up for unconventional home loans

As banks demand more collateral and developers stop making mortgage payments, analysts expect a world of pain to befall debt funds, mortgage REITs (Credit: iStock)

Mortgage REITs, debt funds face catch-22 between banks, developers

LA County March home sales volume

“April is when the big problems kick in:” LA residential firms face reckoning

arrow_forward_ios
Loading...