New data confirms what everybody already knows about living in New York City: The rent is too damn high.
The average rent on an apartment in New York City shot up to $3,017 a month this quarter, according to data compiled by REIS, a real estate research firm.
(REIS's numbers didn't account for the forgotten borough of Staten Island.)
The average rent on an apartment in the United States of America? Only a little over $1,000 a month.
For more on the REIS report, head over to The Wall Street Journal.
Meanwhile, The New York Times reports the average price to buy a Manhattan apartment was a "stratospheric $1.425 million" this spring.
In 2011, 46 percent of New Yorkers were considered either poor or almost-poor.
The income gap in New York City is comparable to those of some sub-Saharan African countries.