People are paying an average rent of more than $5,000 a month to call New York City home

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New York City it’s no secret that it isn’t cheap to call the city home. But these days the average rent in the city is higher than it has ever been before. According to WABC, the average rent in Manhattan is now running about $5,000 for a one bedroom apartment and don’t find yourself a family of 3. The same figures show that a 3 bedroom apartment will set folks back almost $9,500 a month.

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