An analysis by StreetEasy and Zillow highlights NYC's "singles tax" now exceeds $20,100 per year, placing financial pressure on solo renters. Couples can save an average of $40,200 annually when sharing living expenses. The report shows that four of NYC's boroughs rank highest in singles tax compared to other major US cities. Rising rents have increased by 24% over the past five years, further impacting living costs. Analysts indicate a shift toward earlier cohabitation among young couples amid these high rental prices.
"So whether you're living with a romantic partner, a friend, or even an acquaintance, it can make a lot of sense for New Yorkers to partner up to make living in the city work."
"We still see strong demand for studios and one-bedroom apartments from solo renters, but the rental landscape has definitely evolved."
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