lifeessence ([info]lifeessence) wrote,
@ 2008-03-22 12:15:00
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Taken from the L Magazine's Money Issue
Estimated annual family income corresponding to a middle-class lifestyle in NYC: $75,000-$135,000

Estimated annual individual income corresponding to a middle-class lifestyle in Manhattan: $45,000

Estimated annual individual income corresponding to a middle-class lifestyle in Queens: $32,000

Per capita income in NYC: $41,803

Per capita income in the Bronx: $23,513

Per capita income in Queens: $31,912

Per capita income in Brooklyn: $28,462

Per capita income in Manhattan: $93,377

Manhattan’s rank among U.S. counties: 1

Percentage of New York families with an income falling within 20% of the city median income: 16

Major American urban areas with a smaller percentage of middle-class residents than New York: 0

Median income of a white Manhattan family with a child under 5: $284,208

Median income of a black Manhattan family with a child under 5: $31,171

Median income of a Latino Manhattan family with a child under 5: $25,467

Minimum number of years since Manhattan’s population of white children under 5 has outnumbered its population of black or Latino children under 5: 40

Average income of wage-earners in the uppermost fifth of Manhattan earners, as of 1990 census: $174,486

Average income of wage-earners in the uppermost fifth of Manhattan earners, as of 2000 census: $365,826

Increase: $191,340 (110%)

Average income of wage-earners in the lowermost fifth of Manhattan earners, as of 1990 census: $5,435

Average income of wage-earners in the lowermost fifth of Manhattan earners, as of 2000 census: $7,054

Increase: $1,619 (30%)

Median price of a Manhattan apartment, as of 2007’s final quarter: $850,000

Percent increase since 2006’s final quarter: 6.4

Mean price of a Manhattan apartment, as of 2007’s final quarter: $1,439,909

Percent increase since 2006’s final quarter: 17.6

Mean monthly rent for a non-doorman studio apartment in Manhattan’s most inexpensive neighborhood, Harlem, in February 2008: $1,185

Mean monthly rent for a non-doorman studio apartment in Manhattan’s most expensive neighborhood, Tribeca, in February 2008: $2,735

Percentage of New York households in 2005 spending more than 30% of their income (the threshold of affordability according to the Department of Housing and Urban Development) on housing: 36

Percentage of New York households spending more than 50% of their income on housing: 19.9

Percentage of low-income NYC households spending more than 30% of their income on housing: 38.9

Percentage of low-income NYC households spending more than 50% of their income on housing: 62.6

National rank: 1

NYC households out of 5 earning $32,000 or less per year: 2

Percent decline, between 2002 and 2005, in NYC housing affordable to households earning $32,000 per year: 17

Percent increase, over same time frame, of unsubsidized apartments renting for between $1,000 and $1,200 per month: 34

Percent increase of unsubsidized apartments renting for between $1,200 and $1,400 per month: 52

Percent increase of unsubsidized apartments renting for above $1,400 per month: 31



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