DiNapoli: Housing costs becoming unaffordable for New Yorkers - NEWS10 ABC: Albany, New York News, Weather, Sports

DiNapoli: Housing costs becoming unaffordable for New Yorkers

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ALBANY, N.Y. - State Comptroller Thomas DiNapoli said housing costs are becoming unaffordable for millions of New Yorkers.

DiNapoli said on Monday that analysis of census data shows median statewide monthly housing costs increased by 18.6-percent for renters and 9.9-percent for homeowners from 2000 to 2012. During the same time, homeowners' median household income decreased 1.6-percent and renters' median household income dropped 7.1-percent.

DiNapoli also said more than 3 million households statewide paid at least 30-percent of their 2012 income for a place to live.

 

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