Number of millionaire NYC renters nearly tripled since 2015: Study

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Number of millionaire NYC renters nearly tripled since 2015: Study
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According to a new study by US apartment search site RentCafe, the sum of big-earning renters soared in New York between 2015 and 2020.

The number of New York renters who are also worth seven figures has increased exponentially in recent years, a new analysis has found.

According to US apartment search site RentCafe, there’s a record number of moneyed denizens in the Big Apple. “Our latest study has uncovered a spectacular surge in the number of millionaire renters in New York City, with this elite group nearly tripling over the last five years to a record,” reads a release for the survey, which wasUsing the most recent census data available to RentCafe, the site determined that, in 2015, the city’s renter population included 908 millionaires.

RentCafe looked into not just the geographical makeup, but also the demographic breakdown of America’s most affluent renters. Millennials, the analysts found, have more millionaire renters among them than any other generation. Gen Xers came in second, Baby Boomers got a distant third, and Gen Z and the Silent Generation scored the least.RentCafe analysis of IPUMS dataThe results were perhaps least surprising when it came to the most popular jobs held by millionaire renters.

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