Most Expensive New York Neighborhoods
New York is a very large coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New York. With a population of 1,636,268 people and 288 constituent neighborhoods, New York is the third largest community in New York. New York has a large stock of pre-World War II architecture, making it one of the older and more historic boroughs in the country.
New York home prices are not only among the most expensive in New York, but New York real estate also consistently ranks among the most expensive in America.
New York is a decidedly white-collar borough, with fully 93.83% of the workforce employed in white-collar jobs, well above the national average. Overall, New York is a borough of professionals, managers and sales and office workers. There are especially a lot of people living in New York who work in management occupations (15.25%), sales jobs (11.57%) and business and financial occupations (10.44%).
Of important note, New York is also a borough of artists. New York has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New York’s character.
Also of interest is that New York has more people living here who work in computers and math than 95% of the places in the US.
One thing noticeable about New York, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because New York is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes New York a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, New York is one of the top larger cities in America for educated single professionals to flock.
New York is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Such areas are often places that visitors and locals go for waterfront activities or taking in the scenery.
One downside of living in New York is that it can take a long time to commute to work. In New York, the average commute to work is 32.12 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative. In addition, it is also a pedestrian-friendly borough. Many of New York’s neighborhoods are dense enough and have amenities close enough together that people find it feasible to get around on foot.
New York is a big city, and with that comes lots of benefits. One benefit is that most big cities have public transit, but New York really shines when it comes to the extensiveness and use of its public transit system. More than most large American cities, New York citizens use public transit daily to get to and from work. And while there are transportation options, most people in New York ride the subway. Whereas in some cities one is destined to sit in traffic every morning to get to work and every evening to get home, in New York a lot leave their cars at home (if they even choose to own one), and hop a ride on the subway.
Do you like to read, write and learn? If you move to New York, you'll likely find that many of your neighbors like to as well. New York is one of the more educated communities in America, with a full 59.29% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 21.84%.
The per capita income in New York in 2010 was $63,610, which is wealthy relative to New York and the nation. This equates to an annual income of $254,440 for a family of four. However, New York contains both very wealthy and poor people as well.
New York is an extremely ethnically-diverse borough. The people who call New York home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New York residents report their race to be White, followed by Black or African-American. New York also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 25.71% of the borough’s residents. Important ancestries of people in New York include Irish, German, Italian, Russian, English and Polish.
Foreign born people are also an important part of New York's cultural character, accounting for 28.87% of the borough’s population.
The languages spoken by people in New York are also diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in New York is English. Other important languages spoken here include Spanish, Chinese and French.
|NEW YORK INFORMATION||DETAILS|
|NUMBER OF HOMES AND APARTMENTS||745,089|
|NEW YORK HOME OWNERSHIP|
|% OWNER OCCUPIED||21.78%|
|% RENTER OCCUPIED||78.22%|
|TYPE OF NEW YORK HOMES|
|SINGLE FAMILY DETACHED||0.72%|
|ROWHOUSES AND ATTACHED HOMES||0.63%|
|SMALL APARTMENT BUILDINGS||3.14%|
|COMPLEXES OR HIGH RISE APARTMENTS||95.35%|
|SIZE OF NEW YORK HOMES|
|5 OR MORE BEDROOMS||0.86%|
|AGE OF NEW YORK HOMES|
|NEWER HOMES (2000 OR LATER)||7.81%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||17.99%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||29.62%|
|HISTORIC (1939 OR BEFORE)||44.58%|
|NEW YORK REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$883,419|
|MEDIAN RENTAL PRICE||$1,754|
|HOME VALUE RANGE|
|$0 - $53,000||3.05%|
|$53,001 - $107,000||1.33%|
|$107,001 - $213,000||1.42%|
|$213,001 - $320,000||3.79%|
|$320,001 - $427,000||6.75%|
|$427,001 - $533,000||8.26%|
|$533,001 - $800,000||20.32%|
|$800,001 - $1,067,000||14.43%|
|PEOPLE OF NEW YORK||DETAILS|
|UNDER 5 YEARS||5.05%|
|5 TO 17||9.65%|
|18 TO 24||10.27%|
|25 TO 34||22.36%|
|35 TO 54||27.44%|
|55 TO 64||11.31%|
|65 YEARS AND OVER||13.92%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||86.33%|
|MEDIAN HOUSEHOLD INCOME||$71,656|
|PER CAPITA INCOME||$63,610|
|INDIVIDUALS BELOW POVERTY LEVEL||17.74%|
|INDUSTRIES PEOPLE WORK IN||Professional, scientific, and technical services (16.50%)
Information Technology (6.46%)
Real estate (3.92%)
Public Service (2.69%)
|BLACK OR AFRICAN AMERICAN||15.15%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.37%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.07%|
|SOME OTHER RACE ALONE||12.21%|
|TWO OR MORE RACES||4.04%|
|HISPANIC OR LATINO (OF ANY RACE)||25.71%|
|ETHNICITIES PRESENT||Irish (7.17%)
|LANGUAGES SPOKEN||English (59.63%)
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