NEW YORK (PIX 11) — New York City is experiencing the worst affordability crisis in almost two decades, a new study found.

Half of all New York City households struggle to afford basic necessities, according to the study released Tuesday by The United Way of New York City. The study cited a lack of access to affordable housing, record-high rent costs, and inflation.

Households in all five boroughs need to earn at least $100,000 to afford housing, food and transportation, and to have a shot at being able to plan for the future, the study found. The actual median household income in the city hovers around $70,000, according to the most recent Census data.