Here are the 10 wealthiest neighborhoods in New York City

Posted On Wed, June 28, 2017 By

Posted On Wed, June 28, 2017 By In real estate trends

In 2016, the New York Metro Area was home to the highest number of “ultra-wealthy” residents in the world. A new report shows about 8,350 residents with a net worth of at least $30 million called the Big Apple their home last year, an increase of about 9 percent from last year. When focusing on just the five boroughs, most of the city’s wealthiest neighborhoods can be found in Manhattan, as Curbed NY discovered. Taking this year’s title as the richest NYC enclave? The Upper East Side.

The city breaks down data received by the Census Bureau’s American Community Survey by looking along different data sets and mapping them. This includes demographic, social, economic and housing categories for each neighborhood. The following are the top ten wealthiest NYC nabes, as Curbed compiled, listed by annual household income:

  1. Upper East Side/Carnegie Hill: $311,109
  2. Soho/Tribeca/Civic Center/Little Italy: $235,555
  3. Turtle Bay/East Midtown: $196,721
  4. Lincoln Square: $188,144
  5. Battery Park City/Lower Manhattan: $185,275
  6. Midtown/Midtown South: $184,315
  7. Hudson Yards/Chelsea/Flatiron District/Union Square: $182,129
  8. West Village: $180,247
  9. Brooklyn Heights/Cobble Hill: $169,555
  10. Upper West Side: $161,30

Compared with 2014’s list, Tribeca and Soho rocketed to the top of the list because of the new and ultra-expensive developments that have recently been built there. The only outer borough neighborhoods to make the list are Brooklyn Heights and Cobble Hill, both known as the priciest real estate area in Brooklyn. As 6sqft previously covered, the most expensive neighborhood for renters is Battery Park City, with the rent in this area averaging about $6,000 per month, followed by the Upper East Side averaging $4,898 per month and the Upper West Side $4,892.

[Via Curbed NY]

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Neighborhoods : Upper East Side

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