The QLess Blog

The Cost of a New York Minute? About $2.7 Billion

Sep 07 By Alex Bäcker | Categories: Insights, Industry News

As the old adage goes: time is money. But how much money? According to an economics feature on Nate Silver’s statistics-driven site fivethirtyeight.com, New Yorkers pay an average of $56 a month to shave a minute off their daily subway commutes. As such, renters in New York City are willing to pay that much more in rent for a one-bedroom apartment that is one minute closer to popular Manhattan business districts. Want to move 10 minutes closer to Wall Street or Times Square? That’s going to cost you $560 per month!

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