A Wall Street Journal analysis of New York City housing data found that about 10% of rent-stabilized apartments are occupied by households earning over $200,000 per year, with top earners paying roughly $1,000 less per month than comparable market-rate units — a savings of about 33%. The deepest discounts are in Manhattan, where stabilized rents run about half of market rate, compared to just 12% below market in the Bronx. The findings are fueling debate over means-testing the program ahead of another expected rent freeze under Mayor Zohran Mamdani.
