A common refrain is that rents in the city rise faster than wages. But is that the case for rent-stabilized tenants? It’s hard to say for certain, because their wages are not specifically tracked. It is clear, however, that wages in general have outpaced rent-stabilized rents in the New York metro area. Wages and salaries for private industry workers in the 12 months through March were up 3.2 percent. In the 12 months before that, they were also up 3.2 percent. The last two Rent Guidelines Board increases were lower — 3 percent and 2.75 percent. Macrotrends.net shows the following […]

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