Average monthly rent of a one bedroom apartment in New York City in 1930: $18.00
Originally Posted by leecemark
Average monthly rent of a one bedroom apartment in New York City in 2005: $2,578.00
When my grandfather immigrated in 1915, his family rented a two room apartment on Essex Street on the Lower East Side for $2 a week. Just for fun, I recently checked a listing for apartments in that area (which, while nowhere near as economically depressed now as it was in my grandfather's time, is still much closer to the slums of Alphabet City, just to the north, than the posh luxury of SoHo, just to the west), and the cheapest I could find for a one bedroom was $2,400.
Going on that basis, you could say that somebody earning $100,000 in 1930 would be earning roughly $15 mill in today's dollars.
You obviously don't know many lawyers.
Most of us don't sell our souls as a result.
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