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Income Distribution

Graph showing the distribution of household income in New York City in both 2000 and 2015-2019.

 

Racial/Ethnic Composition

Graph showing the racial and ethnic composition of New York City in both 2000 and 2015-2019.

Citywide Indicators

New York City Indicators
2000 2006 2010 2019 2020
Demographics
Population 8,008,278 8,214,426 8,184,899 8,336,817 —
Population aged 65+ 11.7% 12.1% 12.2% 15.4% —
Foreign-born population 35.9% 37.0% 37.2% 36.2% —
Households with children under 18 years old 34.0% 32.3% 31.5% 27.1% —
Racial diversity index 0.74 0.73 0.74 0.75 —
Income diversity ratio — 6.1 5.9 6.3 —
Median household income (2020$) $61,210 $59,580 $57,250 $70,590 —
Poverty rate 21.2% 19.2% 20.1% 16.0% —
Unemployment rate 9.6% 7.8% 11.2% 5.1% —
Population aged 25+ with a bachelor’s degree or higher 27.4% 32.1% 33.4% 39.2% —
Population aged 25+ without a high school diploma — 21.3% 20.4% 16.8% —
Housing Market and Conditions
Homeownership rate 30.2% 34.4% 32.1% 31.9% —
Rental vacancy rate — 3.8% 4.4% 3.3% —
Severe crowding rate (% of renter households) — — 4.2% 4.5% —
Serious housing code violations (per 1,000 privately owned rental units)1 — 60.9 60.2 85.6 66.4
Notices of foreclosure rate (per 1,000 1-4 unit and condo properties) 9.0 11.5 19.1 8.7 3.6
Home purchase loan rate (per 1,000 properties) — 42.8 20.2 20.2 —
Index of housing price appreciation, all property types 100.0 218.7 173.4 261.6 273.7
Index of housing price appreciation, 1 unit building 100.0 211.5 161.9 232.2 250.4
Index of housing price appreciation, 2-4 unit building 100.0 229.7 154.3 247.8 271.4
Index of housing price appreciation, 5+ unit building 100.0 242.9 221.9 480.9 499.2
Index of housing price appreciation, condominium 100.0 211.9 199.8 291.4 288.4
Median sales price per unit, 1 unit building (2020$) $341,050 $585,040 $487,180 $610,260 $630,000
Median sales price per unit, 2-4 unit building (2020$) $191,200 $344,840 $264,290 $383,950 $400,000
Median sales price per unit, 5+ unit building (2020$) $67,180 $133,120 $118,280 $255,850 $226,920
Median sales price per unit, condominium (2020$) $416,570 $781,880 $728,260 $981,500 $875,700
Sales volume, all property types 33,454 53,401 27,654 26,262 19,939
Sales volume, 1 unit building 13,586 16,669 7,514 8,524 6,660
Sales volume, 2-4 unit building 13,702 20,764 7,809 7,454 5,465
Sales volume, 5+ unit building 1,324 2,346 1,220 934 573
Sales volume, condominium 4,842 13,622 11,111 9,350 7,241
Land Use and Development
Population density (1,000 persons per square mile) — 27.3 27.2 27.8 —
Units authorized by new residential building permits 15,544 29,345 7,335 28,787 20,590
Units issued new certificates of occupancy 13,603 24,982 26,994 29,375 8,774
Neighborhood Services and Conditions
Car-free commute (% of commuters) 63.8% 67.3% 69.4% 70.5% —
Mean travel time to work (minutes) 40.0 39.0 38.7 41.7 —
Serious crime rate (per 1,000 residents) 23.1 15.8 12.9 11.6 11.6
Students performing at grade level in ELA, 4th grade — — — 49.6% —
Students performing at grade level in math, 4th grade — — — 49.4% —
Renters
Median rent, all (2020$) $1,090 $1,210 $1,330 $1,510 —
Median rent, recent movers (2020$) — $1,530 $1,680 $2,040 —
Rental units affordable at 80% AMI (% of recently available units) — 52.5% 44.9% 40.7% —
Rental units affordable at 120% AMI (% of recently available units) — 81.7% 78.1% 76.0% —
Severely rent-burdened households 23.7% 27.9% 29.1% 26.2% —
Severely rent-burdened households, low income households — 43.9% 45.7% 44.1% —
Housing choice vouchers (% of occupied, privately owned rental units) — — 6.9% 6.1% —
Public housing (% of rental units) — — — — 8.4%

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, 2019
Asian Black Hispanic White
Demographics
Population 1,201,923 2,060,119 2,423,588 2,655,368
Percentage change since 2000 54.0% 5.0% 12.2% −5.2%
Share of New York City population 14.4% 24.7% 29.1% 31.9%
Percentage point change since 2000 4.7 0.2 2.1 −3.1
Foreign-born population1 70.6% 31.5% 39.1% 21.5%
Percentage point change since 2000 −7.0 2.5 −2.1 −1.6
Population under 18 years old1 17.3% 21.7% 24.9% 17.0%
Percentage point change since 2000 −13.4 −7.6 −5.7 −1.7
Population aged 65+1 23.3% 19.2% 27.5% 12.5%
Percentage point change since 2000 15.8 10.7 21.1 −4.4
Disabled population1 4.2% 10.8% 10.2% 5.4%
Median household income (2020$) $76,505 $51,991 $47,963 $103,272
Percentage change since 1999 16.4% 4.7% 8.1% 27.4%
Poverty rate1 14.2% 20.5% 20.9% 10.1%
Percentage point change since 2000 −5.4 −5.2 −9.8 −1.4
Poverty rate, population under 18 years old1 17.3% 28.1% 28.1% 14.0%
Percentage point change since 2000 −6.7 −5.8 −11.9 −2.2
Poverty rate, population aged 65+1 23.3% 19.2% 27.5% 12.5%
Percentage point change since 2000 −1.0 −4.0 −2.5 0.7
Unemployment rate1 4.1% 7.5% 6.6% 3.3%
Percentage point change since 2000 −2.3 −6.7 −7.2 −2.0
Population aged 25+ with a bachelor’s degree or higher1 43.3% 24.2% 19.8% 61.8%
Percentage point change since 2000 7.1 8.4 9.3 19.9
Population aged 25+ without a high school diploma1 22.8% 15.5% 29.0% 6.0%
Percentage point change since 2000 −7.8 −14.1 −17.5 −9.2
Housing Market and Conditions
Homeownership rate1 42.2% 26.6% 15.9% 41.2%
Percentage point change since 2000 7.6 2.1 1.9 4.7
Severe crowding rate (% of renter households) 8.2% 3.3% 5.6% 2.7%
Share of home purchase loans2 32.6% 11.0% 9.6% 45.3%
Percentage point change since 2006 0.1 −0.1 −0.1 0.0
Share of refinance loans3 15.4% 17.0% 10.4% 56.1%
Percentage point change since 2006 0.1 −0.2 −0.1 0.2
Neighborhood Services and Conditions
Car-free commute (% of commuters) 67.7% 69.0% 73.5% 70.0%
Mean travel time to work (minutes) 41.4 48.3 42.6 37.4
Students performing at grade level in ELA, 4th grade 69.9% 37.6% 38.8% 67.9%
Students performing at grade level in math, 4th grade 77.5% 31.6% 37.0% 69.9%
Renters
Median rent burden 34.0% 32.5% 35.5% 27.6%
Moderately rent-burdened households 22.6% 23.9% 27.4% 21.5%
Severely rent-burdened households 29.5% 29.0% 31.5% 21.3%

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.