New York City singles hoping to move into their first studio apartment are facing eye-watering rents that make the dream of living alone feel almost impossible.
According to the latest “Carrie Bradshaw Index” from The Economist, which ranks 100 U.S. cities by affordability for solo renters, New York is one of the least affordable cities in the country.
The study calculates affordability by comparing the median rent to the salary required to spend no more than 30% of one’s income on housing…