Manhattan

Manhattan neighborhood

Manhattan

Population: 1,585,873
# of Households:
798,144
Average Household Income:
$110,000

Manhattan is geographically the smallest but most densely populated borough in New York, it is also one of the wealthiest counties in the USA. Manhattan is often described as the economic and cultural centre of the United States. Lower Manhattan is a world financial capital anchored by Wall Street and home to the New York Stock Exchange and NASDAQ. Manhattan’s real estate market is among the most expensive in the world and residents include many multinational moguls. One of the worlds’ busiest pedestrian intersections is located in Times Square and the Broadway Theatre district. There are many famous bridges, skyscrapers and parks as well as Columbia, New York and Rockefeller Universities , all of which have been rated in the Top 50 in the world.

Upper East Side

Population: 56,671
# of Households:
28,957
Average household Income:
$165,007

The Upper East Side lies between Central Park and the East River and is one of the most affluent neighbourhoods in New York. Once dubbed Millionaire’s Row, the Upper East Side boasts the highest price per square foot in the US. Residents are primarily wealthy white collar business people. The community has a string of museums along Fifth Avenue and is situated close to Central Park and elite schools.

Upper West Side

Population: 219,400
# of Households:
24,436
Average household income:
$180,000

The Upper West Side is bordered by Central Park, the Hudson River, West 58th and West 110th Streets. The neighbourhood is upscale and primarily residential with many residents working in commerce in Midtown and Lower Manhattan. It is considered New York’s cultural and intellectual hub and is often featured in movies and television shows because of its pre-war architecture, colorful community and rich cultural life. Broadway and Amsterdam Avenues are lined with restaurants and bars and Columbia University is situated at the north end.

Midtown East

Population: 99,996
# of Households:
42,872
Average Household Income: $100,601

Midtown East is considered New York’s central business district, and the busiest single commercial district in the US. Midtown East is largely an office neighborhood. The Empire State Building, the Chrysler Building and the United Nations Headquarters are located in the area, which is considered the most intensely used pieces of real estate in the world. The majority of New York’s most iconic skyscrapers, hotels and apartment towers are in Midtown.

Midtown West

Population: 18,921
# of Households:
10,612
Average Household Income:
$82,588

Midtown West is more cultural than the businesslike Midtown East and draws many visitors to attractions like the Rockefeller Centre, Times Square, The Museum of Modern Art and the Intrepid Sea, Air and Space Museum. The neighbourhood is touristy and features older architecture with the majority of the area building being constructed after World War II. Rowhouses, brownstones, lofts and soaring apartment building supply most of the housing in the area.

Soho

Population: 77,028
# of Households:
25,416
Average Household Income:
$38,567

SoHo consists of 500 buildings spread out over 26 blocks in Lower Manhattan. The neighbourhood is notable for having many artists’ lofts, art galleries, trendy boutiques and upscale chain stores. Many structures in SoHo feature cast iron elements built into the construction, as the area was formerly known as the Cast Iron District. SoHo started its gentrification in the 1980’s and since then has been attracting more affluent residents.

Tribeca

Population: 44,778
# of Households:
17,730
Average Household Income: $53,203

Tribeca derives its name from its geographic shape that resembles a triangle and is an acronym for TRIangle BElow CAnal Street. Many former industrial buildings have been converted into trendy lofts. The neighbourhood hosts the annual Tribeca Film Festival, which draws an estimated 3 million people from the art, film and music industries and generates $600 million annually.

West Village

Population: 44,651
# of Households:
15,252
Average Household Income: $45,523 The West Village is located on the western side of Greenwich Village, and is bordered by the Hudson River, 6th Avenue, 14th Street and Houston Street. A primarily residential neighborhood it is estimated that only 8,000 people work in the West Village. The streets in this community are unique as they run on an angle to all the other streets in Manhattan. The West Village has a multitude of small restaurants, shops and services.

Chelsea

Population: 47,339
# of Households:
25,745
Average Household Income:
$176,312

Chelsea is located on the west side of Manhattan and is distinguished as the epicenter of the New York art world, with many galleries located in a mixture of modern new buildings and renovated warehouses. The retail stores, restaurants, delis and boutiques reflect the ethnic diversity of the community. Chelsea is predominantly a residential neighbourhood and features a mix of apartments, city housing projects, townhouses and renovated rowhouses.

Greenwich Village

Population: 50,165
# of Households:
20,197
Average Household Income: $56,370

Greenwich Village is an upper middle class neighborhood located on the west side of Lower Manhattan. Referred to as “The Village”, the neighbourhood was formerly a bohemian community that attracted artists, poets and musicians, but extraordinarily high housing prices have seen the area undergo gentrification and has started to attract more affluent residents. There is a strong sense of community identity that takes pride in the neighborhood’s unique history.