sculpt the market
New York County, Manhattan Borough is the most densely populated county in the New York MSA. Manhattan is referred to as the financial and cultural capital of the world, and it is the nation’s leading center of banking, finance, and communication. It is home to the New York Stock Exchange (NYSE) on Wall Street. New York City Hall is also located within this borough, as well as Times Square, Central Park, Grand Central Station, and the Empire State Building
New York City is the home of many Fortune 500 and foreign companies and has the largest foreign-born population of any MSA in the world. The New York metropolitan area was also home to seven of the 25 wealthiest counties in the United States by median household income, according to the American Community Survey. According to Forbes, in 2014, the New York City metropolitan area was home to eight of the top ten ZIP codes in the United States by median housing price, with six in Manhattan alone. The New York Metropolitan Area also houses five of the top ten richest places in America, according to Bloomberg.
MARKET DATA
- Population Total: 20,320,876
- Owner Occupied Housing Units: 4,118,077
- Owner Occupied Housing Rate: 51.58%
- Median Housing Value (Owner Occ.): $376,000
- Total Housing Units (2017): 7,983,552
- Median Gross Rent / Month (Residential): $1,307
- Median HH Income: $75,585
- Retail Sales Total: $270.75B
- Retail Sales Per Capita: $13,949
- Retail Sales Per Capita Rank: 8th of 25
Economic Metrics
- Number of Employees: 9,800,000
- Payroll: $564.45B
- Un-employment Rate: 4.2%
Largest Industries
- Educational Sciences and Healthcare (2,500,000)
- Professional, Scientific, Management, Admin., Waste Mgmt. (1,320,000)
- Retail Trade (1,030,000)
Largest Employers
- JPMorgan Chase & Co (249,257)/li>
- Citi (219,000)
- ABM Industries (110,000)