It doesn't pay to be single: Coupled-up New York renters can save up to $39,000 a year if they move in with a partner
In the second quarter of 2021, however, the median sale price of condos and co-ops rose to its highest level in two years — to $1.65 million and $820,000, respectively, according to aIn addition to saving on rent, the StreetEasy report also says that couples renting together will have an expanded set of location options, even if their individual budgets are the same.
"If you're looking for a wide range of neighborhoods to choose from or want to live closer to midtown, a combined rental budget of $1,600 each will get you there," the report says."You'll also get more square footage for your money the further you live away from central areas." In the long term, StreetEasy says, couples who cohabitate can also move toward homeownership faster than their single peers, given how much they would save over a few years: A couple that banks $28,800 in yearly savings, for instance, could accrue a 20% down payment on the median asking price for a NYC home — $950,000 — in 6.6 years.
The report highlights the financial gap between single people and individuals in relationships, the latter of whom have more security overall. Single women, who have
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