Personal finance experts often say that you shouldn’t spend more than 30% of what you earn on rent and utilities. According to the United States Census Bureau, the median income in Manhattan is $75,513. That means someone earning that much shouldn't spend more than about $1,880 on rent.
But renting a good apartment for less than $2,000 in Manhattan is a proverbial unicorn. That’s why New Yorkers have roommates way past college while many suburbanites can afford to live by themselves if they choose.