Who can afford Manhattan? Those who already live and work there

Central Park's West Side
Central Park's West Side

Who can afford to live in Manhattan — where the average apartment rented for $3,453 in September?

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Lots of people actually, since Manhattan’s average weekly wage is more than $2,600 (though that still may not be enough income to show your landlord that you earn 40 times the monthly rent a year). Outside of Manhattan, the average weekly wage drops to less than $900.

Moreover, NYC’s unemployment rate stands at approximately 9 percent, meaning that for many, simply finding a better job is not an option. The upshot being, according to Gawker, that if you already live in Manhattan you can already afford it, but if you live outside “the city,” Manhattan is beyond reach. [Gawker] – Christopher Cameron