Infographic: How much does living far from work actually save you?
Would rather commute longer or pay cheaper rent? A cool new map from Curbed using data from Zumper quantifies the trade-off.
Thu Nov 21 2013
Illustration: Burt Durand
Any prospective renter in NYC has experienced the price-versus-commute mental juggle (and price-versus-space, and price-versus-amenities…but we digress). It's pretty obvious that living close to the city center—and, as a likely result, reducing your travel time to get to work—equates to a higher rent, but how much? Curbed set out to quantify the monthly damage using data from apartment-listings site Zumper by weighing rents in 13 neighborhoods against travel times to eight commuter centers in Manhattan—and giving each hour spent in transit a dollar figure.
Here's what they found: Long Island City renters—with median rents much lower than Manhattan, plus proximity to midtown—get the most bang for their buck; the least financially compelling area is Tribeca; and weirdly enough, living in the East Village makes more fiscal sense than shacking up in East Harlem, Williamsburg or Downtown Brooklyn. New York real estate: It knows no rhyme or reason, but you didn't need us to tell you that.
Head over to Curbed to see the complete methodology, and check out Zumper's snazzy infographic below so you can see how your own neighborhood stacks up.
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