Accurate. But to soften the blow a bit, two things often left out of the story that are sort of particular to this city:

1. When you’re surrounded by third spaces and cheap food, studios can be more livable than elsewhere.
2. Roommate living is way more common here since it’s the only reliable way to score sub-sub-market rent (like well below studio prices) which means a lot more options to choose from than in most cities. Also a useful hack for new arrivals who want a few months to scope out different neighborhoods before settling.

Yeah, Manhattan you're not living in on 100k unless you want to live in a shoebox studio or in Harlem.

That being said there's a lot more to the city than Manhattan, and the other boroughs are a lot more affordable.

There's more to New York than Manhattan. Queens and Brooklyn are often cheaper.

Brooklyn search

Shit is still too expensive, but there are lucky finds still.