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Listen: Study Finds Renting is Cheaper than Owning in NY

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Buildings in the affordable housing Penn South apartment cooperatives in the Chelsea neighborhood of New York on Monday, February 4, 2025, looking up Ninth Avenue from West 26th St. . (Photo by Richard B. Levine)

(New York, NY) – A new study from SmartAsset has found that renting is more affordable for residents in the tristate area rather than owning. Author behind the study, Jaclyn DeJohn CFP, goes over the data with WABC and shares key takeaways from the research. 

 

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