Living Expenses

Study Report: Federal poverty line income barely enough to make rent in NYC

A new study of how much it costs to live in New York City seems to prove the saying that if you can make it there you can make it anywhere. On the other hand, if you can't make it there you might still do OK someplace else. The official federal figure for a family of three to be "not poor" is 15-thousand-670 dollars. But the United Way says that's not enough in the Big Apple. According to something called the self-sufficiency standard for New York, it costs just under 49-thousand dollars to cover the basics including food, taxes and rent on a two-bedroom apartment. And that's if you live in the cheaper district above 110th Street. Below that in Manhattan the minimum cost is pegged at nearly 78-thousand dollars a year.