Many things matter about a neighborhood, but the first thing most people notice
is the way a neighborhood looks and its particular character. For example, one
might notice whether the buildings all date from a certain time period or whether
shop signs are in multiple languages. This particular neighborhood in New York,
the Madison Ave / E 60th St neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: Diversity
Did you know that the Madison Ave / E 60th St neighborhood has more
British and Ukrainian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 6.2% of
this neighborhood's residents have British ancestry and 3.6% have Ukrainian ancestry.
Madison Ave / E 60th St is also pretty special linguistically. Significantly, 5.3% of its residents five years old and above primarily
speak French at home. While this may seem like a small percentage, it is higher
than 99.4% of the neighborhoods in America.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 0.3% of America's neighborhoods are wealthier than the
Madison Ave / E 60th St neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
As one would expect in a considerably wealthy neighborhood such as this,
Madison Ave / E 60th St also has one of the lowest ratings of child
poverty in the nation.
In addition, think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the Madison Ave / E 60th St neighborhood: a neighborhood in which more
"urban sophisticates" live than 99.5% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for active retirees and highly educated executives.
Also, if knowledge is power, then imagine the cumulative power of one neighborhood
where many of the adults have earned an advanced degree, such as a Masters,
law degree, medical degree, or even a Ph.D. This is certainly the case in
the Madison Ave / E 60th St neighborhood, where 38.8% have
earned an advanced degree. Compare that to the average neighborhood in
America, where just 8.4% of adults have completed a post-graduate degree,
and you can see why this neighborhood is a stand out. In fact, this neighborhood
has a higher rate of adults with an advanced degree than 98.0%
of the neighborhoods in America.
Notable & Unique: Modes of Transportation
More people in Madison Ave / E 60th St choose to walk to work each day
(41.8%) than almost any neighborhood in America. If you are
attracted to the idea of being able to walk to work, this neighborhood
could be a good choice.
Also, if you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 32.5% of the
Madison Ave / E 60th St neighborhood's commuters ride the train to and from work each
day, which is more than we found in 97.6% of America's
Notable & Unique: Car Ownership
Most American households own a car or other vehicle. Many own two cars
or perhaps three. In the United States, it is useful to have an automobile
not only for commuting, but also for shopping and getting to other services
one needs. But NeighborhoodScout's analysis revealed that households in
the Madison Ave / E 60th St neighborhood have a highly unusual car ownership.
57.6% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
99.0% of U.S. neighborhoods.
Notable & Unique: Real Estate
The Madison Ave / E 60th St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 37,125 persons per square mile in the neighborhood, it is more packed with people than 97.9% of the nation's neighborhoods. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Madison Ave / E 60th St neighborhood is one of the most walkable neighborhoods in America.
In addition, one of the really unique and interesting things about the look and setting of the Madison Ave / E 60th St neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 96.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.5% of all neighborhoods in America.
Furthermore, despite all of the residential real estate here in the Madison Ave / E 60th St neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 48.6%, which is higher than 98.4% of all U.S. neighborhoods.
Notable & Unique: Occupations
The Madison Ave / E 60th St neighborhood has a higher proportion of
its residents employed as executives, managers and professionals than
98.2% of the neighborhoods in American. In fact, 70.5%
of the employed people here make a living as an executive, a manager, or
other professional. With such a high concentration, this truly shapes
the character of this neighborhood, and to a large degree defines what
this neighborhood is about.