Sandy Kasirgasi Sonrasi
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New Yorkers may complain about paying $1,500 a month for a shoebox-sized apartment, but as it turns out, they don't have it so bad. New York is nowhere near the top of the list of least-affordable cities for moderate-income households, defined as those making 50 to 100 percent of that area's median income, according to a new study by the Center for Housing Policy and the Center for Neighborhood Technology. The groups compiled the list by calculating the share of income a middle-class household spends on transportation and housing. The study shows that top three most expensive cities for the middle class are Miami, FL; Riverside, CA and Tampa, FL, where the average middle-class household is spending more than 65 percent of their income on housing and transportation.