The rent IS too damn high! New York City second most expensive place on the planet to rent behind San Francisco
New York City is known as the city that never sleeps, and maybe that's because people are worried about their rent.
The skyscraper city is the second most expensive city for renters in the world, according to a new report.
London-based real estate brokerage Nested says that New York is only slightly behind San Francisco as the most financially onerous to renters.
New York City (above) is the second most expensive city in the world, behind San Francisco
NYC's distinct neighborhoods, such as Chinatown, above, make it a popular place to live
San Francisco's homes are beautiful - but not cheap. The city is the most expensive place to rent in the US
A New York City apartment on average will cost a family $3,783 a month
The country's tech capital, San Francisco, is the most expensive city for renters
The average monthly rental for a single New Yorker is $1,994 and its $3,783 for a family, says the report.
That's only slightly behind San Francisco, where rents have skyrocketed thanks to being a tech hub, home to hundreds of technology companies including Google, eBay and Apple (Facebook is an hour away in Menlo Park).
If you're a single person in the city of angels, you'll pay on average $2,077.96 a month. A family will have to shell out $3,942.82 a month.
Rents are $4.95 per square foot for San Francisco and $4.75 for New York City.
Boston, above, home to Harvard, is the third most expensive city to rent
Washington DC, the capital and political hub, is the third most expensive city
New York has long been known for its sky high rents, with people renting out apartments that are little bigger than large closets for prices that would bring them a house elsewhere in the country.
The city's steep rental prices have no doubt been fueled by the many industries people come here to work in, including fashion, retail, finance, entertainment, media and technology.
Prices for former second-class cousin borough Brooklyn have also soared in the past couple of decades.
If the rent in New York City is too damn high, rounding out the top five are college town Boston, political mecca Washington, DC, and progressive haven Seattle.
After that comes Los Angeles, Miami, Chicago, and Houston. Rounding out the top ten is Detroit, which despite all of the negative press it's gotten lately for its soaring crime, beat out cities like Austin, Atlanta, Portland, and Philadelphia.
Globally, the most expensive city was Hong Kong, followed by Dubai, Singapore, Geneva and Sydney.
Of the fifty cities listed, Barcelona, Spain was the cheapest place to rent.
Tired of the high cost of rent and determined to live mortgage-free, web designer Alek Lisefski turned his attention away from cyber space to build his very own solution.