News

NY Times: Ithaca one of 20 cities with rent out of reach for Middle Class

NY Times: Ithaca one of 20 cities with rent out of reach for Middle Class

Photo: WHCU

The City of Ithaca is included in a New York Times report out Tuesday as one of many cities in which the cost of rent is rising out of the reach of the middle class.

The report has Ithaca as one of 20 cities where the average middle-class family is paying over 30-percent of income for rent and utilities.

Jean McPheeters with the Tompkins County Chamber of Commerce says the reason for high rent is simple, the City needs more housing.

She says most cities see a vacancy rate of 2 to 4 percent, while Ithaca sits at just a half-percent.

She says leaders have taken the initiative to add more housing to the area, but many of the projects have been tailored to high-end apartments or low income housing.

Recent Headlines

in Music

PHOTOS: Joe Cocker through the years

Fresh
AP02072004165_46

A look back on the legendary career of the "Up Where We Belong" hitmaker.

in Music

Legendary rocker Joe Cocker dead at 70

Fresh
cocker

The raspy-voiced, Grammy-winning "You Are So Beautiful" singer has lost his battle with lung cancer.

in Entertainment, Weird

New Jersey Christmas tree controlled by tweets

treetweet

Twitter users anywhere in the world can control the lights on this holiday display.

in Music

Alice Cooper hosts star-studded Christmas show

alicecooper

Rocker served up a real Christmas treat to fans at his annual festive benefit last week

in Music

Rolling Stones thank fans for ’14 tour

23-overlay3

The group thanked fans and suggested there may be more shows planned for 2015.