New York City Rent Now Averages Over $3,000 A Month

NYC Rent Average Reaches All-Time high

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.

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