clock menu more-arrow no yes mobile

Filed under:

Manhattan Pays $378/year Per Square Foot

Nobody does real estate math like Memefirst's Felix Salmon:

The 2.2 million jobs in Manhattan pay, on average, $2,025 per week. (You know that feeling you get when you find out you're below average? I've been having that for years.) Manhattan is 22 square miles, which means that the island of Manhattan pays, on average, $378 per square foot per year. And that includes Washington Heights.
· New York Real Estate Prices Explained [Memefirst]