middle class

City Living, Polls

NYC Middle-Wage Jobs, Center for an Urban Future, middle class NYC, job data NYC

The lack of affordability in New York is typically, and justly, blamed on skyrocketing rents, but when it comes to the middle class it might be more closely tied to a lack of jobs. The Wall Street Journal shares a new report from the Center for an Urban Future, which finds that “while the city added a record number of jobs since 2011, middle-wage industries paying between $40,000 and $80,000 a year added the fewest positions, and a lot of those were temp jobs.” Additionally, middle-wage jobs lost the most employees. Low-wage industries (paying under $40,000) such as restaurants and home health care services disproportionately added the most jobs.

However, the report also points to a few factors that may indicate a comeback for the middle class. For one, middle-wage industries accounted for three of the eight sectors with a net gain of at least 10,000 jobs since 2011. These are employment services, building equipment contractors, and colleges/universities, respectively. In total, 23 middle-wage sectors added at least 1,000 jobs during this time, not far off from the low-wage sector’s 24 and high-wage’s 28. But are these figures enough to give the middle class staying power?

Cast your vote here!

City Living, infographic

Are You Considered ‘Middle Class’ in NYC?

By Diane Pham, Tue, March 24, 2015

cobble hill

Image via 6sqft flickr

Following up on our recent post taking a look at how much you need to earn to be considered “rich” where you live, here’s a brand new study by Quoctrung Bui of NPR’s Planet Money which investigates what’s considered “middle class” in the United States. Although most Americans would humbly identify themselves as median earners, whether they’re raking in $30K or $300K, there are actually benchmarks for this segment of the population. But as you may have guessed, they vary greatly depending on where you live.

Find out where you stack up here

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.