Table 10

Median Rents, All Renter-Occupied Units
New York City, 1993 and 1996

In current dollars 1993(b) 1996(b) Percent Change 1993-1996
Median gross rent $551 $630 +14.3%
Median contract rent $501 $593 +18.4
CPI(a) 154.0 166.0 + 7.8
In April 1996 dollars
Median gross rent $594 $630 + 6.1
Median contract rent $540 $593 + 9.8

Source: U.S. Bureau of the Census, 1993 and 1996 New York City Housing and Vacancy Surveys.


(a) Consumer Price Index for All Urban Consumers for New York- Northeast New Jersey-Long Island (1982-84=100), April of each year, Bureau of Labor Statistics, U.S. Department of Labor.

(b) In both the 1993 and 1996 HVSs, contract rent and/or utility costs were unreported for some units. For the purpose of comparing 1993 and 1996 rents in this and other rent tables, unreported rents and/or utility costs are excluded from the medians and distributions, as has always been done for the HVS. However, it should be noted that the Census Bureau will impute unreported values and provide comparable 1993 and 1996 rent data this summer, using imputed data. The imputed rents may be slightly different from the reported rents presented in this table.