November 3, 2012, Saturday, 307

*The Economy*

From The Peopling of New York City










Contents

Commerce & Economy

Income & Salaries

• Within the unemployment rate 5.00% with a job growth of -0.07%

• As far as Income Taxes in the New York region area of Brooklyn: the sales tax rate is 8.63%.The income tax rate is 10.53%

• Eastern Parkway’s Income per capita which does not exclude children: $14,138

• Median Household Income: $30,170

A. Estimated Households Income vary from their income salaries 1. The average household income that is less than $15,000: 30.15%

Source: http://www.bestplaces.net/zip-code/Zip_Code_11213_Brooklyn_NY_Economy-DATA-7112130002.aspx

Resident

A. Population by Occupation

1. Under management, business, and financial operations: property value: 8.33%

2. Cost of Living Indices: Cost of living indices are based on a United States Average value of 100. Because cost of living index in Brooklyn is above the value of 100, this confirms that Eastern Parkway housing value is much more expensive.

3. The Overall Cost of living index is 146.76.

4. The Resident/Housing Plan’s cost of living index is 154.

Source: http://www.bestplaces.net/zip-code/ZipCode 11213 Brooklyn NY COSTLIV- 7112130002.aspx


INDUSTRY

Agriculture, forestry, fishing and hunting, and mining 0 (0%)
Construction 47 (3.28%)
Manufacturing 215 (15%)
Wholesale trade 41 (2.86%)
Retail trade 184 (12.84%)
Transportation and warehousing, and utilities 79 (5.51%)
Information 37 (2.58%)
Finance, insurance, real estate, and rental and leasing 88 (6.14%)
Professional, scientific, management, administrative, and waste management services 109 (7.61%)
Educational, health and social services 349 (24.35%)
Arts, entertainment, recreation, accommodation and food services 136 (9.49%)
Other services (except public administration) 58 (4.05%)
Public administration 90 (6.28%)

INCOME IN 1999 Households

1,027 (100%)
Less than $10,000: 11 (1.07%)
$10,000 to $14,999: 40 (3.89%)
$15,000 to $24,999: 88 (8.57%)
$25,000 to $34,999: 132 (12.85%)
$35,000 to $49,999: 167 (16.26%)
$50,000 to $74,999: 191 (18.6%)
$75,000 to $99,999: 232 (22.59%)
$100,000 to $149,999: 139 (13.53%)
$150,000 to $199,999: 19 (1.85%)
$200,000 or more: 8 (0.78%)
Median household income: $60,994

With earnings: 866 (84.32%) --Mean earnings: $60,472 With Social Security income: 267 (26%) --Mean Social Security income: $13,914 With Supplemental Security Income: 20 (1.95%) --Mean Supplemental Security Income: $10,030 With public assistance income: 18 (1.75%) --Mean public assistance income: $10,372 With retirement income: 286 (27.85%) --Mean retirement income: $18,200

Families: 825 (100%) Less than $10,000: 12 (1.45%) $10,000 to $14,999: 13 (1.58%) $15,000 to $24,999: 34 (4.12%) $25,000 to $34,999: 71 (8.61%) $35,000 to $49,999: 142 (17.21%) $50,000 to $74,999: 179 (21.7%) $75,000 to $99,999: 216 (26.18%) $100,000 to $149,999: 133 (16.12%) $150,000 to $199,999: 17 (2.06%) $200,000 or more: 8 (0.97%) Median family income: $67,019

Per capita income: $22,149

Median earnings (dollars) Male full-time, year-round workers: $44,511 Female full-time, year-round workers: $33,281

POVERTY STATUS IN 1999 Families: 12 (1.45%) --With related children under 18 years: 12 (1.45%)

With related children under 5 years: 0 (0%)

Families with female householder, no husband present: 6 (0.73%) --With related children under 18 years: 6 (0.73%)

With related children under 5 years: 0 (0%)

Individuals: 59 (7.15%) --18 years and over: 33 (4%)

65 years and over: 9 (1.09%)

--Related children under 18 years: 26 (3.15%)

Related children 5 to 17 years: 26 (3.15%)

--Unrelated individuals 15 years and over: 14 (1.7%)

Headline text

Housing Profile

General Housing Characteristics, 2000 data (id:3619229, place: Crown Heights CDP, New York)

Total housing units: 1,045

Occupied housing units: 1,019 Specified owner-occupied units: 803

HOUSE VALUE

Less than $50,000: 5 (0.62%)
$50,000 to $99,999: 90 (11.21%)
$100,000 to $149,999: 469 (58.41%)
$150,000 to $199,999: 204 (25.4%)
$200,000 to $299,999: 29 (3.61%)
$300,000 to $499,999: 6 (0.75%)
$500,000 to $999,999: 0 (0%)
$1,000,000 or more: 0 (0%)

Median (dollars): $137,300

MORTGAGE STATUS AND SELECTED MONTHLY OWNER COSTS

With a mortgage Without a mortgage
579 (72.1%) 224 (27.9%)
Less than $300 (0%) Median (dollars): $407
$300 to $499 (0%)
$500 to $699
58 (7.22%)
$700 to $999: 86 (10.71%)
$1,000 to $1,499: 304 (37.86%)
$1,500 to $1,999: 96 (11.96%)
$2,000 or more: 35 (4.36%)
Median (dollars): $1,249

SELECTED MONTHLY OWNER COSTS AS A PERCENTAGE OF HOUSEHOLD INCOME IN 1999

Less than 15.0 percent: 254 (31.63%)
15.0 to 19.9 percent: 149 (18.56%)
20.0 to 24.9 percent: 156 (19.43%)
25.0 to 29.9 percent: 75 (9.34%)
30.0 to 34.9 percent: 48 (5.98%)
35.0 percent or more: 121 (15.07%)
Not computed: 0 (0%)

Specified renter-occupied units: 170

GROSS RENT

Less than $200: 0 (0%)
$200 to $299: 0 (0%)
$300 to $499: 0 (0%)
$500 to $749: 95 (55.88%)
$750 to $999: 48 (28.24%)
$1,000 to $1,499: 11 (6.47%)
$1,500 or more: 5 (2.94%)
No cash rent: 11 (6.47%)
Median (dollars): $713

GROSS RENT AS A PERCENTAGE OF HOUSEHOLD INCOME IN 1999

Less than 15.0 percent.: 25 (14.71%)
15.0 to 19.9 percent: 34 (20%)
20.0 to 24.9 percent: 11 (6.47%)
25.0 to 29.9 percent: 26 (15.29%)
30.0 to 34.9 percent: 6 (3.53%)
35.0 percent or more: 57 (33.53%)
Not computed: 11 (6.47%)

Source: "Crown Heights". U.S. Beacon. 18 April 2008. <http://www.usbeacon.com/housing/New-York/Crown-Heights.html>.

Recent Changes in the Economy

Trickle-Down Economics in the Dairy Section

This New York Times article discusses some of the economic issues that face the Eastern Parkway community in Brooklyn, New York.

Retrieved from "http://pleskcontrol.macaulay.cuny.edu../../../../articles/f/l/a/Flatbush.html"