To Live In Brooklyn: Brooklyn Named The Least Affordable Place To Live In The U.S.





Where Brooklyn at?

At one time, Brooklyn was the place to live in NYC because it was relatively affordable. Fast-forward to 2014 and the place that brought us The Notorious B.I.G, Jay Z and Spike Lee is the most unaffordable place to live in the entire county according to Bloomberg

According to the finance publication:

Of the 475 counties analyzed by RealtyTrac through October, 98 areas weren’t as affordable compared with the average level for the period starting in January 2000, the Irvine, California-based data company said in a report today. Brooklyn, New York, where a resident would need to devote 98 percent of the median income to afford the payment on a median-priced home of $615,000, was the least-affordable market, followed by San Francisco and Manhattan.


So, if you currently live in Brooklyn, explain to us how you do.

Source: Bloomberg


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