LIFE IN NEW YORK CITY: A STATISTICAL ANALYSIS

 

NYC IS LIVABLE

Over the past 6 years, New York City's population has risen.

2002

2003

2004

2005

2006

2007

The Bronx
(Bronx County)

1,361,973

1,367,244

1,367,529

1,364,566

1,361,473

1,373,659

Brooklyn
(Kings County)

2,481,122

2,483,164

2,497,859

2,511,408

2,508,820

2,528,050

Manhattan
(New York County)

1,569,487

1,582,705

1,590,911

1,606,275

1,611,581

1,620,867

Queens
(Queens County)

2,234,000

2,244,238

2,250,718

2,256,576

2,255,175

2,270,338

Staten Island
(Richmond County)

460,294

466,647 

471,184

475,014

477,377

481,613

New York City

8,106,876

8,143,998

8,178,201

8,213,839

8,214,426

8,274,527


 

SAFETY
In order to continually attract and retain employers and employees, New York City is committed to improving the quality of life here. One important component of that commitment is safety, and New York City crime rate is below the national average and continues to fall.

 

DIVERSITY
New York City’s is already known as a melting pot, and our culturally and ethnically diverse population reflects that there is a place for everyone in the City:
  • 37% of New Yorkers are foreign born
  • We have residents from 138 countries
  • More than 200 languages and dialects are spoken here


 

NYC IS BUSINESS FRIENDLY
A STRONG BUSINESS NETWORK

New York City’s strong network of industry-leading companies makes it a strategic location for business. We have more Fortune 500 companies than any other U.S. city, leading the pack with 44.

Fortune 500 Companies in New York City
Alcoa Consolidated Edison Loews
Altria Group Dover Marsh & McLennan
 American Express Estée Lauder McGraw-Hill
American Intl. Group Foot Locker Merrill Lynch
Asbury Automotive Group Goldman Sachs Group MetLife
Assurant Guardian Life of America Morgan Stanley
Avon Products Hess New York Life Insurance
Bank of New York Co. IAC/InteractiveCorp News Corporation
Barnes & Noble Interpublic Group Omnicom Group
Bear Stearns Jones Apparel Group Pfizer
Bristol-Myers Squibb J.P. Morgan Chase & Co. TIAA-CREF
CBS Keyspan Time Warner
Cendant L-3 Communications Verizon Communications
Citigroup Lehman Brothers Holdings Viacom
Colgate-Palmolive Liz Claiborne Virgin Media

(Source: Fortune Magazine 2007)

 

 

AFFORDABLE CENTRAL BUSINESS DISTRICTS

3Q 2008 Office Market Rental & Vacancy Rates for NYC's Central Business Districts:

CBD
Average Asking Rent
Vacancy Rate
Downtown Brooklyn
$31
13.5%
Downtown Jamaica
$25
10.0%
Harlem
$41
8.3%
Hudson Yards
$43
2.0%
Long Island City
$26
4.0%
Lower Manhattan
$50
7.2%

(Sources: Newmark Knight Frank, CoStar)

 

ACCESSIBLE TRANSPORTATION

NYC workers take advantage of the City’s safe and efficient public transportation system that includes extensive subway and bus routes.

 

EMPLOYMENT RATES

NYC average unemployment rate in 2007 was 5.0%, the lowest it has been
for the City since 1976 (the earliest time period for which this data has been
estimated by BLS using the current methodology) .

Year

Labor Force

Employment

Unemployment

Unemployment Rate

1998

3,567,482

3,283,875

283,607

7.9%

1999

3,620,694

3,372,653

248,041

6.9%

2000

3,665,918

3,453,608

212,310

5.8%

2001

3,673,891

3,451,478

222,413

6.1%

2002

3,729,519

3,429,333

300,186

8.0%

2003

3,721,763

3,413,437

308,326

8.3%

2004

3,720,865

3,458,259

262,606

7.1%

2005

3,754,314

3,537,648

216,666

5.8%

2006

3,801,893

3,612,285

189,608

5.0%

2007

3,846,708

3,652,462

194,246

5.0%

(Source: Bureau of Labor Statistics)

 

NYC SECTORAL EMPLOYMENT
The April 2009 Sectoral Employment Table (PDF 37 KB) provides detailed current employment figures for all sectors of the economy, with comparisons to the corresponding figures 1 and 10 years before.

 

NYC HAS A DIVERSE ECONOMY
INDUSTRY DIVERSITY

Known for its world-class financial services industry, New York City is also home to a variety of other thriving industries and trades.

Industry

Number of
Employees in 2008
    FIRE

464,400

        Finance and Insurance

340,200

        Real Estate

124,200

    SERVICES

1,941,900

        Information

170,700

        Professional and Business

593,700

        Educational

153,800

        Health & Social Assistance

560,500

        Arts & Entertainment

64,400

        Accommodation & Food

293,000

        Other

159,900

    TRADE

450,600

        Retail

301,500

        Wholesale

149,100

    MANUFACTURING

94,200

    TRANSPORTATION & UTILITY

126,700

    CONSTRUCTION

128,700

  TOTAL PRIVATE 3,206,400
   GOVERNMENT

561,200

TOTAL (Private Government) NYC 3,767,700

(Source: NYSDOL)

Visit our Industry Overviews to learn more.

 

GLOBAL WORKFORCE
With a large population of foreign born residents, New York City offers businesses a diverse pool of international talent. New York City ranked 5th in the world in foreign born persons as a share of total population in 2004.

Country Flag City 2004 Percentage
  Miami 59%
  Toronto 44%
  Los Angeles 41%
  Vancouver 37%
  New York City 36%
  Singapore 33%
  Sydney 31%
  Abidjan 30%
  London 28%
  Paris 23%
(Source: UN Habitat 2004; U.S. Census Bureau 2004b; World Cities Project 2002; Australian Bureau of Statistics 2001; Statistics Canada 2004)

 

GLOBAL COMPANIES
New York City works hard to develop and maintain relationships with global business partners. We are home to 20 Fortune Global 500 companies, ranking 5th internationally.
Country Flag  Rank

City

Country

 No. of Global 500 Companies

Global 500 Revenues
($ Millions)

 

 1

Tokyo

Japan

 47 1,858,608

 

 2

Paris

France

 25 1,419,933

 

 3

London

Britain

 22 1,183,769

 

 4

Beijing

China

 21 943,768

 

 5

New York

U.S.

 20 1,166,469

 

 6

Seoul

South Korea

13 576,919

 

 7

Toronto

Canada

 9 229,308

 

 8

Madrid

Spain

 8 357,927

 

 9

Zürich

Switzerland

 7 354,657

 

 9

Munich

Germany

 7 455,821

 

 9

Osaka

Japan

 7 267,296

 

 10

Houston

U.S.

 6 344,028
(Source: Fortune Magazine July 21, 2008)

Visit our For International Businesses section to learn more.

 

 

 

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