New York, New York is a large city with slightly less than 8.6 million people. Young professionals should feel right at home, as they account for an above-average percentage of the community. At an average age of just under 38, the city's residents are younger than most cities in New York. Most New York residents rent, and 33% of residents are homeowners. The average rent is a bit above the state average of $1,280 a month.
With an average commute time of about 45 minutes, slower than most cities in the state, New York residents know that traveling to work takes some patience. Many residents (26%) commute to work by public transportation, availing themselves of the local transit options. Driving a vehicle is the second-most common way to get to work, chosen by 12% of workers. Walking (5%) isn't a common method of commuting to work, though the number is significantly greater than the national average.
Many New York residents work in one of three industries: healthcare, retail, and entertainment. Combined, these industries account for 19% of the city's labor force. Meanwhile, looking at job function, many workers in these industries are in sales, as 7% of the city's population reports this as their field of work, the highest number of any career path. With an average annual income of just over $78,000, New York workers bring in about the same as their peers elsewhere in the state. New York, however, compares more favorably to the national average of $73,345. Compared to the national average (7%), New York has a relatively high concentration of residents older than 25 with advanced degrees, as 9% possess a Master's degree or a Doctorate. In addition, 15% possess a Bachelor's degree.