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Income Distribution

 

Racial/Ethnic Composition

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Citywide Indicators

New York City Indicators
2000 2006 2010 2019 2022 2023
Demographics
Population 8,008,278 8,214,426 8,184,899 8,336,817 8,335,897
Population aged 65+ 11.7% 12.1% 12.2% 15.4% 16.7%
Foreign-born population 35.9% 37.0% 37.2% 36.2% 36.8%
Households with children under 18 years old 34.0% 32.3% 31.5% 27.1% 25.7%
Racial diversity index 0.74 0.73 0.74 0.75 0.76
Income diversity ratio 6.1 5.9 6.3 6.6
Median household income (2023$) $69,660 $67,810 $65,160 $80,340 $77,550
Poverty rate 21.2% 19.2% 20.1% 16.0% 18.3%
Unemployment rate 9.6% 7.8% 11.2% 5.1% 6.4%
Population aged 25+ with a bachelor’s degree or higher 27.4% 32.1% 33.4% 39.2% 41.4%
Population aged 25+ without a high school diploma 21.3% 20.4% 16.8% 16.4%
Housing Market and Conditions
Homeownership rate 30.2% 34.4% 32.1% 31.9% 32.7%
Rental vacancy rate 3.8% 4.4% 3.3% 3.2%
Severe crowding rate (% of renter households) 4.2% 4.5% 5.4%
Serious housing code violations (per 1,000 privately owned rental units)1 60.9 60.2 85.6 100.2 123.3
Notices of foreclosure rate (per 1,000 1-4 unit and condo properties) 9.0 11.5 19.1 8.7 5.9
Home purchase loan rate (per 1,000 properties) 42.8 20.2 20.2 24.6
Median sales price per unit, 1 unit building (2023$) $388,160 $665,730 $554,470 $694,550 $747,530 $710,000
Median sales price per unit, 2-4 unit building (2023$) $217,610 $392,100 $300,790 $436,120 $466,680 $445,000
Median sales price per unit, 5+ unit building (2023$) $76,460 $151,080 $134,240 $289,400 $259,560 $228,330
Median sales price per unit, condominium (2023$) $474,100 $889,880 $828,840 $1,117,070 $1,058,070 $996,680
Sales volume, all property types 33,454 53,416 27,665 26,303 36,075 27,461
Sales volume, 1 unit building 13,586 16,666 7,514 8,526 10,922 8,834
Sales volume, 2-4 unit building 13,702 20,771 7,811 7,463 10,512 8,344
Sales volume, 5+ unit building 1,324 2,362 1,230 964 1,369 1,003
Sales volume, condominium 4,842 13,617 11,110 9,350 13,272 9,280
Land Use and Development
Population density (1,000 persons per square mile) 27.3 27.2 27.8 27.8
Units authorized by new residential building permits 15,544 44 7,331 28,675 68,668 16,348
Units issued new certificates of occupancy 13,603 24,982 22,859 25,135 26,075 28,631
Neighborhood Services and Conditions
Car-free commute (% of commuters) 63.8% 67.3% 69.4% 70.5% 65.3%
Mean travel time to work (minutes) 40.0 39.0 38.7 41.7 40.7
Serious crime rate (per 1,000 residents) 23.1 15.9 12.9 11.7 14.3 14.2
Students performing at grade level in ELA, 4th grade 49.6% 43.6% 52.5%
Students performing at grade level in math, 4th grade 49.4% 41.9% 52.3%
Renters
Median rent, all (2023$) $1,240 $1,380 $1,510 $1,720 $1,750
Median rent, recent movers (2023$) $1,740 $1,910 $2,320 $2,370
Rental units affordable at 80% AMI (% of recently available units) 52.5% 44.7% 40.7% 47.4%
Rental units affordable at 120% AMI (% of recently available units) 81.7% 78.0% 76.0% 77.9%
Severely rent-burdened households 23.7% 27.9% 29.1% 26.2% 29.5%
Severely rent-burdened households, low income households 43.9% 45.7% 44.1% 44.0%
Housing choice vouchers (% of occupied, privately owned rental units) 6.9% 6.1%
Public housing (% of rental units) 8.1%
1 In 2019 some violations types were reclassified into the most serious class, resulting in an increase in this indicator.

 

Citywide Indicators, by Race/Ethnicity

New York City Indicators by Race and Ethnicity
Asian Black Hispanic White
Demographics
Population 1,238,974 1,822,642 2,423,203 2,545,189
Percentage change since 2000 58.8% −7.1% 12.2% −9.1%
Share of New York City population 15.4% 22.7% 30.2% 31.7%
Percentage point change since 2000 5.7 −1.8 3.2 −3.3
1 Foreign-born population 68.1% 30.7% 40.9% 21.6%
Percentage point change since 2000 −9.5 1.7 −0.3 −1.6
1 Population under 18 years old 17.2% 30.4% 32.4% 15.4%
Percentage point change since 2000 −13.4 1.0 1.8 −3.2
1 Population aged 65+ 26.6% 18.4% 28.2% 12.8%
Percentage point change since 2000 19.1 9.9 21.8 −4.1
1 Disabled population 4.6% 12.0% 11.9% 6.7%
Median household income (2023$) $85,240 $60,293 $55,052 $110,726
Percentage change since 1999 14.0% 6.7% 9.0% 20.0%
1 Poverty rate 15.2% 22.9% 24.3% 11.6%
Percentage point change since 2000 −4.4 −2.8 −6.5 0.0
1 Poverty rate, population under 18 years old 17.2% 30.4% 32.4% 15.4%
Percentage point change since 2000 −6.8 −3.5 −7.5 −0.7
1 Poverty rate, population aged 65+ 26.6% 18.4% 28.2% 12.8%
Percentage point change since 2000 2.3 −4.9 −1.8 1.0
1 Unemployment rate 4.7% 10.3% 7.3% 4.3%
Percentage point change since 2000 −1.7 −3.9 −6.5 −1.0
1 Population aged 25+ with a bachelor’s degree or higher 44.4% 28.5% 22.1% 63.4%
Percentage point change since 2000 8.2 12.7 11.5 21.6
1 Population aged 25+ without a high school diploma 22.9% 14.9% 28.4% 5.4%
Percentage point change since 2000 −7.7 −14.7 −18.1 −9.9
Housing Market and Conditions
1 Homeownership rate 46.0% 26.9% 17.0% 41.5%
Percentage point change since 2000 11.4 2.4 3.0 5.0
Severe crowding rate (% of renter households) 10.5% 3.7% 6.6% 3.7%
2 Share of home purchase loans 37.2% 8.5% 8.9% 43.6%
Percentage point change since 2006 0.2 −0.1 −0.1 0.0
3 Share of refinance loans 16.8% 19.8% 11.0% 50.9%
Percentage point change since 2006 0.1 −0.1 −0.1 0.1
Neighborhood Services and Conditions
Car-free commute (% of commuters) 66.7% 66.2% 72.4% 72.8%
Mean travel time to work (minutes) 40.9 45.5 42.1 35.9
Students performing at grade level in ELA, 4th grade 72.6% 40.6% 39.1% 72.1%
Students performing at grade level in math, 4th grade 77.8% 37.4% 37.1% 72.9%
Renters
Median rent burden 35.1% 33.2% 36.3% 29.9%
Moderately rent-burdened households 24.4% 21.4% 24.3% 21.3%
Severely rent-burdened households 30.2% 33.0% 34.0% 25.6%
1 It is not possible to disaggregate the data for Black and Asian New Yorkers by Hispanic ethnicity, therefore some double counting may occur.
2 Values indicate race/ethnic share of all home purchase loans.
3 Values indicate race/ethnic share of all refinance loans.