Yes, and I would bet that those people you know paying $2500/mo are not earning $15/hr.
And no, it is not simply what it costs to live in NYC, unless you think you absolutely must live in Manhattan below 96th st. This is like saying the cost of a car is $65,000, because the only car I accept is a BMW X5. Ok, if that is your standard, then yes a car will cost you $65k. But there are cars available for much cheaper, that will fulfill all the important roles that one looks for in a car.
And no, it is not simply what it costs to live in NYC, unless you think you absolutely must live in Manhattan below 96th st. This is like saying the cost of a car is $65,000, because the only car I accept is a BMW X5. Ok, if that is your standard, then yes a car will cost you $65k. But there are cars available for much cheaper, that will fulfill all the important roles that one looks for in a car.