The average house hold income in Manhattan based on a quick Google is also about $150k. Making the annual rent of $60k about 40% of one's household income. I

The average house hold income in Manhattan based on a quick Google is also about $150k. Making the annual rent of $60k about 40% of one's household income. In urban planning I heard that a fair rent refers to onee spending 30% of their income on rent. So I guess it isn't that bad.