Real Estate

Bed-Stuy Is The Best NYC Neighborhood For College Grads: Study

There are more affordable studios and one-bedrooms in Bedford-Stuyvesant than in any other New York City neighborhood, StreetEasy found.

BEDFORD-STUYVESANT, BROOKLYN — College graduates are more likely to find affordable apartments in Bed-Stuy than anywhere else in New York City, according to a new StreetEasy study.

StreetEasy based their findings on New York State’s median starting salary — $47,630 — then looked for neighborhoods with the most apartments costing about 30 percent of it — or $1,190 per month — in 2016.

The study found that Bedford-Stuyvesant, Bushwick, Astoria, Crown Heights and Washington Heights fit the bill with a larger quantity of affordable studio and one-bedroom apartments than anywhere else in the city.

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Bedford-Stuyvesant had the most affordable apartments for college grads with 3,612 rental listings, Bushwick came in second with 3,459, Astoria was third with 2,147, Crown Heights was fifth with 2,128, and Washington Heights was fifth 1,856 rental listings.

However, the study also noted that the desire to live alone limited a grad’s options enormously.

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That same graduate earning $47,630 could only afford .4 percent of the 111,500 studios and one-bedrooms listed on StreetEasy last year.

But two people each making $47,630 could afford 26 percent of the 62,744 two-bedrooms on the market, and three people could afford 57 percent of the 27,249 three-bedrooms on the market.

The study also broke down their findings by profession and discovered — shockingly — that budding nuclear engineers will find more housing options than beginner journalists.

The nuclear engineers can check out “plenty of options in hot neighborhoods in Manhattan and Brooklyn.”

Meanwhile, your reporter’s future colleagues would be better off sticking to Bed-Stuy.


Image via Eli Duke/Flickr

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