How much would you be willing to pay to shave a minute off your commute? For New Yorkers, the answer appears to be around $56 per month. That’s how much more New Yorkers pay in rent, on average, for a one-bedroom apartment that’s a minute closer by subway to Manhattan’s main business districts.
That finding...puts an approximate value on the old real estate adage about the importance of location, location, location.
— Five Thirty Eight
More data collectin' and crunchin':
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