In 2018, New York, New York had a population of 8.4M people with a median age of 36.9 and a median household income of $63,799 dollars. Between 2017 and 2018 the population of New York, NY declined from 8.62M to 8.4M, a -2.6 percent decrease, and its median household income grew from $60,879 dollars to $63,799 dollars, a 4.8 percent increase.
The population of New York, NY is 31.9 percent White Alone, 29.2 percent Hispanic or Latino, and 21.7 percent Black or African American Alone. 48.6 percent of the people in New York, NY speak a non-English language, and 84.3 percent are U.S. citizens.
The largest universities in New York, NY are New York University (16,773 degrees awarded in 2017), Columbia University in the City of New York (12,772 degrees), and CUNY Hunter College (5,386 degrees).
The median property value in New York, NY is $645,100 dollars, and the homeownership rate is 32.8 percent. Most people in New York, NY commute by Public Transit, and the average commute time is 40.1 minutes. The average car ownership in New York, NY is 0 cars per household.
In 2017, universities in New York, NY awarded 147,053 degrees. The student population of New York, NY is skewed towards women, with 226,240 male students and 324,250 female students.
Most students graduating from Universities in New York, NY are White (47,412 and 37.6 percent), followed by Hispanic or Latino (29,439 and 23.3 percent), Black or African American (22,064 and 17.5 percent), and Asian (17,858 and 14.2 percent).
The largest universities in New York, NY by the number of degrees awarded are New York University (16,773 and 11.4 percent), Columbia University in the City of New York (12,772 and 8.69 percent), and CUNY Hunter College (5,386 and 3.66 percent).
The most popular majors in New York, NY are General Business Administration & Management (8,842 and 6.01 percent), Liberal Arts & Sciences (7,281 and 4.95 percent), and General Psychology (5,109 and 3.47 percent).
The median tuition costs in New York, NY are $12,450 dollars for private four-year colleges, and $6,530 dollars and $13,920 dollars respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of New York, NY employs 4.09M people and New York has an unemployment rate of 4.1 percent. New York has seen the job market increase by 0.5 percent over the last year. Future job growth over the next ten years is predicted to be 30.7 percent, which is lower than the US average of 33.5 percent. The largest industries in New York, NY are Educational Services (384,715 people), Health Care & Social Assistance (704,864 people), and Professional, Scientific, & Technical Services (415,067 people), and the highest paying industries are Finance & Insurance ($99,976 dollars), Professional, Scientific, & Technical Services ($77,015 dollars), and Finance & Insurance, & Real Estate & Rental & Leasing ($76,345 dollars).
Households in New York, NY have a median annual income of $63,799 dollars, which is more than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $60,879 dollars in 2017, which represents a 4.8 percent annual growth.
Tax Rates for New York
– The Sales Tax Rate for New York is 8.9 percent.
– The Income Tax Rate for New York is 10.3 percent.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for New York
– The average earnings of a New York resident is $32,459 dollars a year.
– The Median household earnings of a New York resident is $52,737 dollars a year.