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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.

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Citywide Indicators

New York City Indicators
2000 2006 2010 2019 2020 2021
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 (2021$) $63,240 $61,560 $59,150 $72,930 — —
Poverty rate 21.2% 19.2% 20.1% 16.0% — —
Unemployment rate 9.6% 7.8% 11.2% 5.1% — —
Population aged 25+ with a bachelor’s degree or higher 27.4% 32.1% 33.4% 39.2% — —
Population aged 25+ without a high school diploma — 21.3% 20.4% 16.8% — —
Housing Market and Conditions
Homeownership rate 30.2% 34.4% 32.1% 31.9% — —
Rental vacancy rate — 3.8% 4.4% 3.3% — —
Severe crowding rate (% of renter households) — — 4.2% 4.5% — —
Serious housing code violations (per 1,000 privately owned rental units)1 — 60.9 60.2 85.6 66.4 87.9
Notices of foreclosure rate (per 1,000 1-4 unit and condo properties) 9.0 11.5 19.1 8.7 3.6 4.6
Home purchase loan rate (per 1,000 properties) — 42.8 20.2 20.2 17.6 —
Index of housing price appreciation, all property types 100.0 219.7 183.1 291.8 293.9 300.9
Index of housing price appreciation, 1 unit building 100.0 211.0 172.4 267.0 275.1 286.6
Index of housing price appreciation, 2-4 unit building 100.0 231.1 169.1 304.3 315.7 322.4
Index of housing price appreciation, 5+ unit building 100.0 238.5 217.0 524.3 478.4 485.7
Index of housing price appreciation, condominium 100.0 216.2 207.7 310.5 302.0 307.5
Median sales price per unit, 1 unit building (2021$) — $604,340 $503,380 $630,500 $645,730 $680,000
Median sales price per unit, 2-4 unit building (2021$) — $356,270 $273,050 $396,690 $413,270 $430,000
Median sales price per unit, 5+ unit building (2021$) — $137,410 $122,200 $262,710 $231,600 $234,830
Median sales price per unit, condominium (2021$) — $807,810 $752,410 $1,014,050 $904,020 $987,500
Sales volume, all property types 33,454 53,405 27,660 26,307 22,238 35,663
Sales volume, 1 unit building 13,586 16,669 7,515 8,530 7,802 10,771
Sales volume, 2-4 unit building 13,702 20,763 7,809 7,461 6,240 8,278
Sales volume, 5+ unit building 1,324 2,352 1,224 953 693 1,364
Sales volume, condominium 4,842 13,621 11,112 9,363 7,503 15,250
Land Use and Development
Population density (1,000 persons per square mile) — 27.3 27.2 27.8 — —
Units authorized by new residential building permits 15,544 44 7,335 28,787 20,590 —
Units issued new certificates of occupancy 13,603 24,982 21,913 24,496 20,050 —
Neighborhood Services and Conditions
Car-free commute (% of commuters) 63.8% 67.3% 69.4% 70.5% — —
Mean travel time to work (minutes) 40.0 39.0 38.7 41.7 — —
Serious crime rate (per 1,000 residents) 23.1 15.8 12.9 11.6 11.6 12.2
Students performing at grade level in ELA, 4th grade — — — 49.6% — —
Students performing at grade level in math, 4th grade — — — 49.4% — —
Renters
Median rent, all (2021$) $1,130 $1,250 $1,370 $1,560 — —
Median rent, recent movers (2021$) — $1,580 $1,740 $2,110 — —
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% 6.0% —
Public housing (% of rental units) — — — — — 7.5%
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 1,201,923 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 (2021$) $79,042 $53,715 $49,554 $106,697
Percentage change since 1999 20.3% 8.2% 11.7% 31.6%
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% 10.8% 9.9% 45.0%
Percentage point change since 2006 0.1 −0.1 −0.1 0.0
Share of refinance loans3 19.4% 13.5% 9.4% 56.4%
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.