Locations

Recently, we shared a study that reported the minimum salary you’d need to buy a home in a bunch of cities—New York included. Unsurprisingly, our readers had a lot to say about the subject. Let’s take a closer look at how New Yorkers are reacting to the real estate market in the Big Apple. The mortgage lender that released the study, HSH.com, concluded that the salary needed to buy in New York was $86,215, based on the median home price of $395,400.

It’s a fact of life that Times Square is never not teeming with lights, sounds, and people; it’s a permanently buzzing hub in a city that never sleeps. While the area surely has a high concentration of hotels, you might be surprised to learn that people actually live here permanently. According to the Times Square Alliance, 5,800 residents make their homes between Avenue of the Americas and Eighth Avenue, from West 41st to 53rd Streets.