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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.