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New
York City by the Numbers
Brian
Trumbore
President/Editor, StocksandNews.com
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
BUYandHOLD
does not recommend any securities. The securities
mentioned above are being used for illustrative purposes
only and should not be regarded as an offer to sell
or as a solicitation of an offer to buy.
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