New York is a very large coastal borough (i.e. on the ocean, a bay, or inlet) located in the state of New York. With a population of 1,694,251 people and 310 constituent neighborhoods, New York is the third largest community in New York. Much of the housing stock in New York was built prior to World War II, making it one of the older and more historic boroughs in the country.
New York home prices are not only among the most expensive in New York, but New York real estate also consistently ranks among the most expensive in America.
New York is a decidedly white-collar borough, with fully 93.74% of the workforce employed in white-collar jobs, well above the national average. Overall, New York is a borough of professionals, managers, and sales and office workers. There are especially a lot of people living in New York who work in management occupations (16.68%), business and financial occupations (11.11%), and sales jobs (9.86%).
Of important note, New York is also a borough of artists. New York has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape New York’s character.
Also of interest is that New York has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.95% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
One thing noticeable about New York, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because New York is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes New York a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, New York is one of the top larger cities in America for educated single professionals to flock.
New York is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
One downside of living in New York is that it can take a long time to commute to work. In New York, the average commute to work is 33.16 minutes, which is quite a bit higher than the national average. On the other hand, local public transit is widely used in the borough, so leaving the car at home and taking transit is often a viable alternative. In addition, it is also a pedestrian-friendly borough. Many of New York’s neighborhoods are dense enough and have amenities close enough together that people find it feasible to get around on foot.
One of the benefits of being a big city like New York is having a public transportation system, but in New York the transit system is the mode of choice for lots of people getting to and from work every day. You will find many people using the subway for their daily commute, even though other transportation options exist. If you ask these commuters, many will tell you that not having to drive in the snarl of big city traffic is one of main reasons for leaving the car at home, or even not owning a car at all. With so many people taking the subway New York benefits from a reduction in air pollution and traffic.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in New York. 62.18% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in New York in 2018 was $78,771, which is wealthy relative to New York and the nation. This equates to an annual income of $315,084 for a family of four. However, New York contains both very wealthy and poor people as well.
New York is an extremely ethnically-diverse borough. The people who call New York home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of New York residents report their race to be White, followed by Black or African-American. New York also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 25.68% of the borough’s residents. Important ancestries of people in New York include Irish, Italian, German, English, and Russian.
Foreign born people are also an important part of New York's cultural character, accounting for 28.29% of the borough’s population.
The most common language spoken in New York is English. Other important languages spoken here include Spanish and Chinese.