People who live in New Jersey are more likely to rent, according to data released Thursday by the office for rent, which tracks the availability of affordable housing across the state.
The office for rental’s latest report showed that more than 1.1 million people lived in rentals in New York and New Jersey in 2016, up 3.5 percent from 2015.
New York has the largest number of people living in rentals (1.4 million), followed by New Jersey (1 million), Connecticut (1,003,000) and Delaware (921,000).
The report also showed that New York City has the highest percentage of renters in New Orleans, with the average rent in that city topping $1,800.
That number is nearly $600 higher than in the rest of New York, where the average monthly rent is just under $1.50.
The numbers were based on a review of more than 3.3 million public housing apartments across the U.S., and included an analysis of the rental market in those same housing units.
The results show that the average rents for New York apartments and condos were $1,-824 per month in 2015, $2,-736 in 2016 and $3,-717 in 2017.
Those are about 4 percent and 7 percent higher than the average of $1.-824 for New Yorkers and $2,776 for New Jerseyans, respectively.
Renters also live in larger cities, like New York’s Central Park and Manhattan, which have more apartments available, and rent at lower prices, according the report.
Renting in these cities costs a lot more than renting a one-bedroom apartment in the suburbs.
In New York the average rental cost for a two-bedroom unit is $2.6 million in 2017, and the average price for a three-bedroom was $3.1m.
Renting a two bedroom in Central Park or Manhattan is about $5,000 more expensive than renting one in a larger city, according a New York Times analysis.
A number of other factors also contribute to a higher rental price in New Zealand, the report found.
For example, the average Auckland rent in 2016 was $2 million, while the average in the city of Wellington was $1 million, the study found.
Rents in New Hampshire also are high.
The average rental in New England is $1 – $1½ million, compared to $1 to $2 per month for New Zealand residents.
Rental prices in Maine and Washington also are higher than New York.
In 2016, rent in Maine was $4,858 per month, while in Washington it was $567 per month.
The Office for Rent is an independent research and analysis organization.
It was founded in 2005 by former Office of Management and Budget Director Paul Tumulty.
Its research focuses on the economy and its effects on affordability, workforce development, employment, the environment, and technology.