A new map shows where New Yorkers' rent increased the most by subway stop
RentHop's annual map breaks down median one-bedroom rents by subway station and this year's edition paints a clear picture: More New Yorkers are ditching lease renewals in pricey Manhattan and heading for the outer boroughs, only to find that rent hikes followed them there.
Steinway Street in Queens tops the chart with a 14.29-percent jump, landing at $3,000. Over in the Bronx, 183rd Street saw a 14.19-percent spike to $2,278, while Ocean Parkway in Brooklyn swelled to $2,800, up 14.03-percent. Even sleepy stops like Bronx Park East (13.5-percent) and Kingsbridge Road (13.3-percent) weren't spared.
Why the citywide spike? RentHop points to New York's new congestion pricing program, which has boosted subway ridership by 7-percent in the first half of 2025. As more commuters opt for OMNY cards over car keys, subway adjacency remains a hot (and costly) commodity.
Developers are also part of the story. New construction in neighborhoods like Astoria, Fordham Heights and Brighton Beach brought fancy amenities—and higher rents—to outer-borough blocks. And while these buildings offer more inventory, they often lease well above the area's median.
Still, there are a few pockets of relief. Only 40 stations—just 8-percent—saw rent drops, including parts of Williamsburg along the L and G lines and several 4 and 6 train stops in the Bronx. Ave N (F) takes the prize for biggest dip with a 5-ercent decrease.
So, what's a renter to do? You're likely stuck choosing between a higher rent bill or a longer commute. Either way, may the odds—and your budget—be ever in your favor.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time Out
a day ago
- Time Out
A new map shows where New Yorkers' rent increased the most by subway stop
If you've felt like your rent is creeping up faster than the express train at Union Square, you're right. A new NYC Subway Median Rent Map from RentHop confirms what many already suspected: Rent prices increased near 87-percent of subway stations this year. That's 412 stops where your wallet might be gasping for air, up from 84-percent last year. The citywide median is now at a soul-crushing $4,700, the highest on record. RentHop's annual map breaks down median one-bedroom rents by subway station and this year's edition paints a clear picture: More New Yorkers are ditching lease renewals in pricey Manhattan and heading for the outer boroughs, only to find that rent hikes followed them there. Steinway Street in Queens tops the chart with a 14.29-percent jump, landing at $3,000. Over in the Bronx, 183rd Street saw a 14.19-percent spike to $2,278, while Ocean Parkway in Brooklyn swelled to $2,800, up 14.03-percent. Even sleepy stops like Bronx Park East (13.5-percent) and Kingsbridge Road (13.3-percent) weren't spared. Why the citywide spike? RentHop points to New York's new congestion pricing program, which has boosted subway ridership by 7-percent in the first half of 2025. As more commuters opt for OMNY cards over car keys, subway adjacency remains a hot (and costly) commodity. Developers are also part of the story. New construction in neighborhoods like Astoria, Fordham Heights and Brighton Beach brought fancy amenities—and higher rents—to outer-borough blocks. And while these buildings offer more inventory, they often lease well above the area's median. Still, there are a few pockets of relief. Only 40 stations—just 8-percent—saw rent drops, including parts of Williamsburg along the L and G lines and several 4 and 6 train stops in the Bronx. Ave N (F) takes the prize for biggest dip with a 5-ercent decrease. So, what's a renter to do? You're likely stuck choosing between a higher rent bill or a longer commute. Either way, may the odds—and your budget—be ever in your favor.
The Herald Scotland
2 days ago
- The Herald Scotland
Zohran Mamdani wants to tax the rich in NYC. People are freaking out.
The idea, in both cases, is to create revenue by taxing rich people and use the money to pay for other initiatives. Harris sought taxes from the wealthy to pay down the nation's estimated $2 trillion deficit. Mamdani, a democratic socialist, wants free city buses and a freeze on New York rents. Taxing the rich has worked before. In the World War II era, the wealthiest Americans endured a top tax rate above 90% to buoy the economy. But would it work now? Millionaires might flee higher taxes The standard objection is that raising taxes on wealthy Americans will chase them away. They will leave the city, the state or the country, or take steps to avoid paying taxes, such as moving wealth offshore. Here's how opponents greeted Mamdani's proposal: New York Gov. Kathy Hochul, who could veto a tax hike, has said it would prompt millionaires to flee. "I don't want to lose any more people to Palm Beach," she told a television interviewer, according to the New York Post. In a commentary for Reuters, financial writer Marty Fridson warned of "the possibility, if not the probability, that many high earners will leave NYC to escape the added tax bite." The New York Times assembled a rail of escape-from-New-York quotes from business leaders. Sample: "We may consider closing our supermarkets and selling the business," said John Catsimatidis, owner of the Gristedes chain, speaking to The Free Press. Mamdani's campaign estimates that a 2% tax on New Yorkers earning more than $1 million a year would raise $4 billion a year. That projection wouldn't pan out, of course, if enough millionaires left the city to avoid the tax. Are 'millionaire tax' warnings overblown? Are the dire warnings overblown? Maybe so, according to copious research on taxes and their impact on migration. But a lot depends on whom you ask. Higher taxes don't generally prompt wealthy people to move, said Kamolika Das, local policy director at the Institute on Taxation and Economic Policy, a left-leaning think tank. "Tax policies just really don't drive relocation decisions," Das said. "They've been claiming this for a long time, and there's just very scant evidence to support it." A 2023 study by the nonpartisan Fiscal Policy Institute found "no evidence of significant tax-motivated migration" from New York State, even after tax increases. The main reasons: Top 1% earners move at a lower rate than other income groups. And when they do move, they generally relocate from one high-tax area to another. In 2004, New Jersey raised its top income tax rate on high earners by 2.6 percentage points. "In the next year, a total of 37 millionaires left," said Lindsay Owens, executive director of the Groundwork Collaborative, a progressive thinktank. "But in that very same year, the millionaire population of New Jersey increased by more than 3,000 individuals." Not all researchers agree. California lost high earners over taxes Fridson, the Reuters columnist, cites a study from the nonprofit California Center for Jobs & the Economy. It shows a net loss of $5.3 billion in personal income tax from high earners leaving California in a five-year span after a 2016 ballot measure that extended higher taxes on the wealthy. Higher taxes in New York "will raise revenue. There's no question of that," said Jared Walczak, vice president of state projects at the nonpartisan Tax Foundation. But a tax hike "does drive some people out," he said, "and it can be more significant in New York City than it would be at the state or the national level." Leaving the United States over taxes is one thing, Walczak said. Moving from Manhattan to Hoboken, New Jersey, is quite another. "It is much harder to leave a country than to leave a state," he said, "and harder to leave a state than to leave a city." Walczak notes that the 2% tax increase proposed by Mamdani is a flat rate on all income earned by a wealthy New Yorker, "down to their first dollar." It would raise the top tax rate in the city from roughly 3.9% to 5.9%. At that rate, high earners "would be paying more in city taxes in New York than they would be paying in state taxes in most states," Walczak said. The remote-work boom of recent years spawned pandemic "boom towns," generally lower-tax cities that filled up with refugees from higher-tax cities who could work remotely. "I could work for a firm in New York City but take my residence to, I don't know, Austin, Texas, where they don't have any income tax," said Therese McGuire, professor of strategy at Northwestern University's Kellogg School of Management. Research by the Tax Foundation shows that high-tax states tend to lose residents to other states, while low-tax states tend to gain them. Taxes are one factor among many, including jobs, weather, quality of life and the broader cost of living. Other studies suggest that millionaire tax flight is happening, but "only at the margins," and at a negligible rate. "We make our decisions about where to locate ourselves and our families based on a whole host of considerations, many of which are not pecuniary," Owens said.
Scottish Sun
3 days ago
- Scottish Sun
How to make £5k in extra cash for summer from earning from your sun lounger to getting paid to water plants
We share success stories and reveal how you can cash in by doing a few extra jobs CASH IN How to make £5k in extra cash for summer from earning from your sun lounger to getting paid to water plants Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) YOU can avoid the summer holiday pinch with these easy ways to earn extra money. Most can be done from home and you can even involve your kids. Sign up for Scottish Sun newsletter Sign up 5 Suzy Greenwood stays in a campervan while renting her home Credit: Sue Porter You can currently earn £1,000 from side-hustles tax free, and this will rise to £3,000 from next April. Here, Mel Hunter reports success stories and reveals how you can cash in by doing a few extra jobs. Archie, 8, made £3k from a market stall MAKE money with your kids — and teach them about managing finances at the same time. Selling old toys, handmade crafts or even lemonade can be a fun way to earn money. 5 Archie, 8, has made more than £3,000 since setting up his own market stall, alongside regular traders 18 months ago Credit: supplied Eight-year-old Archie from Market Harborough, Leics, has made more than £3,000 since setting up his own market stall, alongside regular traders 18 months ago. He set up his first stall in Harborough Market in March last year, selling old toys. Now he flogs games he and his friends no longer want to keep, too. He uses his profits to buy jewellery, fidget toys, sweets and keyrings to resell. Mum Jodie, 45, a digital marketing manager, says: 'He still does normal eight-year-old things, like spending time with friends and playing football, but alongside that he's beginning a profitable side hustle. It's amazing.' Archie keeps track of his money via his GoHenry account, a financial app and card for kids. How a 'Car Sitter' Is Saving New Yorkers From Costly Parking Fines Cash in on demand for seasonal items HAVE a clearout and flog in-demand seasonal items. Online marketplace Gumtree says listings for items such as barbecues, lawnmowers, hoses, and garden furniture sets soar over summer. We've spotted used lawnmowers for £20 and garden hose reels for £30. Sell spring and summer clothes on sites like Vinted or Depop, and kids games on eBay. Professional organiser Karen Powell, dubbed The Organising Lady, said: 'Wash, iron and display clothes on hangers, before taking pictures. 'With unwanted toys, put any unboxed bits in bags. Check you have all the pieces for kits or jigsaws. Mention any missing pieces when you list your item.' Gather old tech, like phones and tablets, wipe them clear of your details by backing up your information, removing linked accounts and restoring factory settings, and sell on sites like Music Magpie. A decent quality iPhone 14 can go for around £230. Use meal vouchers in hols FAMILIES spend an extra £300 on food over the summer, according to Iceland. Save money by taking your free school meal vouchers to bigger Iceland stores. Spend a minimum of £15 and get an extra £5 on your Iceland Bonus card. Use apps like HyperJar, Cheddar and JamDoughnut to buy supermarket gift cards and earn cashback. With Cheddar, buy a Tesco gift card worth any amount and get four per cent cashback. So if you buy a card for £100, you get £4 back. Do surveys on sun lounger MAKE money from your sofa or sun lounger by taking part in surveys or online focus groups. Companies like Angelfish Opinions, Saros or Research Opinions, can pay up to £100, often as an e-gift card. Your views on brands and experiences are valuable, and can help shape the future. At Angelfish Opinions, you can apply to be interviewed about eating out for a £70 e-gift card. And check out competitions sites, such as Latest Free Stuff and Magic Freebies. 'I move into my van and rent my house for £5k' RENT out your spare room, or even move out so others can move in, to make money. This is what Suzy Greenwood does. The PR manager, who also runs the Seaflowers guesthouse in Frogmore, Devon, makes around £5,000 from May to September by moving out of her home into a VW Caddy. She rents out her one-bed home — an annex attached to the riverside guesthouse — on Airbnb and makes about £300 a weekend after fees. Suzy, 39, said: 'Moving to the van means I can take advantage of the extra summer demand. I make about £300 a weekend after Airbnb fees and cleaning costs. 'Airbnb takes 20 per cent, so if I get a direct booking I split the benefit with guests, giving them a ten per cent discount.' Want to rent out a spare room? The Government's Rent A Room scheme lets you earn up to £7,500 per year tax-free. Or rent out your parking space with a platform such as YourParkingSpace or JustPark. JustPark hosts make an average of £320 a year. 'I made £100 in a week doing small jobs locally' YOU can be paid to water plants, mow the lawn or even look after pets. Check local Facebook groups and apps like Nextdoor and Airtasker to find adverts for small jobs. 5 Jo Atwell uses the Nextdoor app and does cleaning, gardening and runs errands for her older neighbour, earning about £12 an hour Credit: supplied Airtasker reckons you could make up to £554 a month doing two gardening jobs a week. Jo Atwell, 38, from Peterborough, uses the Nextdoor app and does cleaning, gardening and runs errands for her older neighbour, earning about £12 an hour. She made £100 in her first week this summer, which will pay for a camping trip for her and daughter Reanna, 20. Jo said: 'I want- ed to take Reanna camping in Scotland and it's now possible thanks to the money I've earned via Nextdoor.' John Odiaka, 28, from Coventry, picks up seasonal work, doing removals and gardening via the casual jobs app Airtasker, which sees activity soar by nearly a third in the summer. 'At this time of year, I might do two or three jobs a day, earning up to £2,000 a month,' he said. Last summer, he made £5,000. BEST FIRMS FOR HAGGLING THE top firms to haggle with on bills have been revealed by MoneySaving Expert Martin Lewis – and you could save hundreds of pounds. The money saving website asked 5,000 readers if they got a discount on bills after haggling. 5 AA Breakdown ranked highest for top firms to haggle with on bills Credit: Alamy AA Breakdown ranked highest, with 87 per cent of customers negotiating better deals, followed by Virgin Media and RAC Breakdown, both at 84 per cent. Meanwhile Hastings Direct came with a 77 per cent success rate, Admiral and TalkTalk with 75 per cent, AA Insurance at 74 per cent, Green Flag at 73 per cent, and Sky Mobile and NOW at 72 per cent. The key to haggling success is knowing the market value of services and asking companies to match or beat it. Martin said: 'Breakdown cover, broadband and TV, mobile, and car and home insurance providers are the fab four. With all of them, the important first step is to benchmark a realistic quote you can ask them to match or beat. The aim of haggling in these sectors is all about keeping the exact service you have (or bettering it) and paying less. 'There's no point if you're within contract – you're trapped. So wait until you're no longer locked in.' Customers can make a note in their diary a month or two before a contract ends as you should be able to negotiate a good deal. You can use comparison sites such as MoneySupermarket or Comparethemarket to check out cheaper options. James Flanders QUICKER MOBILE COMPO MOBILE and broadband customers could resolve issues or get compensation more quickly under new rules being introduced by the telecoms regulator. Currently, anyone who complains but doesn't get a response or isn't happy with the answer must wait eight weeks before they can take the issue to an ombudsman. 5 Mobile and broadband customers could resolve issues or get compensation more quickly under new rules being introduced by the telecoms regulator Credit: Getty Images - Getty However, Ofcom wants to reduce this time to six weeks and the change will come into play in April 2026. Rocio Concha, Which? director of policy and advocacy, described the move as 'positive'. She said: 'Recent Which? research found eight in ten suffered a connection issue with their broadband provider in the year to January 2025. 'Providers need to up their game so problems are resolved as quickly as possible.' Under current rules, if your supplier does not resolve the issue after eight weeks, you can take your case to one of two Alternative Dispute Resolution schemes. Customers can escalate issues to either the Communications Ombudsman or the Communications and Internet Services Adjudication Scheme. Resolving an issue through the ombudsman can lead to a simple apology, or you could be entitled to some compensation. If you are not happy with how your complaint has been resolved, you can switch providers. Laura McGuire
