by The Bruce High Quality Foundation
"The Pizza Principle is an economic law that states that the cost of a slice of plain cheese pizza in Manhattan will match the cost of a single subway fare. This law has held true since 1959 when the first Ray’s Pizza opened on Prince Street."
In 1959 the cost of a slice (or a ride) was 15 cents. The average residential rent was $60. Adjusted for inflation these figures are $1.22 and $455 respectively.
In 2016 the cost of a slice (or a ride) is $2.56.
In 2016 what is the average residential rent in Manhattan?