07/13/2007
New York City by the Numbers
Crain’s New York Business is out with its annual look at New
York City and its demographics, so, New York being the
financial capital of the world (at least to a lot of people), I
thought I’d list a few.
--The population of the Big Apple is 8,214,000. [47% female]
--34.5% are white, 27.9% Hispanic/Latino, 23.8%
Black/African-American, 11.5% Asian
--Estimated median household income in NYC
White $53,900
Asian $48,000
All NYC households $43,000
Black/African-American $36,000
Hispanic/Latino $30,000
--The est. gross city product is $478 billion
--NYC Dept. of Education funding $17.1 billion in 2007
--Median salary for teacher in public schools $53,000 (2005)
--Higher Education 2007-08 tuition and fees:
Barnard College $35,190
Columbia University $37,410
Fordham University $32,530
New York University $35,280
--Jobless rates major cities
Philadelphia 6.3%
Chicago 5.2%
Dallas 5.2%
Los Angeles 5.2%
New York 4.9%
Phoenix 4.1%
San Diego 4.0%
--New York City employment since job market peak in 2000
Manufacturing -70,400 jobs over six-years to 2006
Finance and Insurance -30,200
Information -22,100 [Publishing, newspaper, broadcasting (ex-
Internet)]
Educational and Health Services +74,600
Leisure and Hospitality +26,800
Biggest specific category for job losses: apparel manufacturing
Winners: full service restaurants, home health care services
--Wall Street pretax profits [Nasdaq / NYSE members]:
1997 $17.8 billion
1998 ..15.1
1999 ..25.3
2000 ..31.6
2001 ..16.0
2002 ..12.1
2003 ..24.1
2004 ..20.7
2005 ..17.6
2006 ..33.1
New York City’s job share, securities employment:
1997 26.8%
2000 24.3
2004 21.5
2006 22.0
--New York City tax revenue:
2003 $23.4 billion
2007 ..37.4 billion [est.]
--New York City political landscape:
Bronx 485,000 Democratic registered voters 49,000 Rep.
Manhattan 693,000 Dem. 114,000 Rep.
Brooklyn 884,000 Dem. 123,000 Rep.
Queens 620,000 Dem. 140,000 Rep.
Staten Island 112,000 Dem. 77,000 Rep.
[In other words, it was quite an accomplishment for Republican
candidates Rudy Giuliani and Michael Bloomberg to win as they
have.]
--New York Area’s Leading Overseas Airlines [out of JFK,
LaGuardia and Newark Liberty]
Continental Airlines 41,350 international flights [2006]
American Airlines 24,400
Air Canada 16,100 [less passengers than Delta and BA]
Delta Air Lines 12,700
British Airways 7,700
--State of residence for new legal permanent U.S. residents in
2006:
California 264,000
New York 180,000
Florida 155,000
Texas 89,000
New Jersey 65,000
--China Shipments [Imports and exports through New York and
New Jersey ports, in thousands of metric tons]
1997 1,047
2000 2,016
2003 4,367
2006 7,172
[In terms of exports from NY/NJ ports, China’s tonnage is about
five times that of the next destination, India. Japan is third.]
--Manhattan Co-op prices [average sales price - Upper East Side]
Two-bedroom
2002 ..$ 876,000
2004 ..1,130,000
2006 ..1,438,000
--Broadway box-office gross, in $millions [always a good
economic indicator]
2002-03 $721
2003-04 $771
2004-05 $769
2005-06 $862
2006-07 $939
--Average daily room rates at Manhattan hotels
2002 $195
2003 $191
2004 $210
2005 $242
2006 $271 [yikes!]
--Visitors to New York City
2003 37.8 million
2007 45.4 million [est.]
[Visitors will spend about $25.5 billion in 2007.]
Sources: various, such as U.S. Census Bureau, NYC Office of
Management and Budget, Tax Foundation, New York State
United Teachers, Bureau of Labor Statistics, Securities Industry,
Thomson Financial, New York State Board of Elections, and
Port Authority of NY & NJ
Wall Street History returns next week.
Brian Trumbore
