May
17
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  • Demographics of the Information EraNYCEDC

May 2012 Economic Snapshot: Demographics of the Information Era

The upcoming IPO of Facebook and its recent acquisition of Instagram have helped to increase focus on young entrepreneurs. Successful entrepreneurs in the Internet and information era tend to be very young—often not yet in their 30s, which contrasts from those of the industrial era. (For instance, Henry Ford was well into his 40s when he introduced the Model T in 1908, whereas Mark Zuckerberg was 19 years old when he launched Facebook.)

For our May 2012 Economic Snapshot, NYCEDC’s Research & Analysis team looked at the demographics of the information era and the increase in household income among the very young. While it is difficult to measure the number of entrepreneurs by age in the workforce, household income can be used as a proxy to gauge whether or not more people are becoming successful at a relatively young age. Did you know?

  • The share of all households in the nation under age 25 with income exceeding $100,000 has more than doubled—from 5% in 2000 to 11.8% in 2011.
  • These shares are considerably higher in areas with booming tech sectors like Manhattan and San Francisco, where more than 25% of all young households reported incomes greater than $100,000 in 2011. These shares were up from 18.6% and 20.9% in 2000, respectively.

Listen to our podcast and read the full snapshot for more insights. For previous Economic Snapshots, visit our economic data archive on NYCEDC’s website.

Jan
20
Ratio of Single Men to Single Women in NYC New York City’s population is 53% female and 47% male. This is a widely cited statistic that often supports an argument that the gender imbalance makes it more difficult for some women to find a partner. Using Census data, we analyzed only the population who are never married singles between the ages of 20 and 34. In this subgroup, men outnumber women—742,400 to 729,500. More interestingly, the ratio varies widely by neighborhood (we used Census Public Use Microdata Areas). On the Upper East Side, young single women outnumber young single men nearly 2 to 1. Jackson Heights, Queens is on the other end of the spectrum—where there are 1.7 males for every female. The neighborhoods with ratios of 1 to 1? Jamaica, Queens and Pelham Gardens in the Bronx. On a related note, spending at the City’s roughly 1,200 bars is approximately $855 million per year. This works out to $140 per resident age 21 and over, which is 58% higher than in the United States as a whole. StatsBee is a column featuring interesting statistics about NYC, written by economists at the Economic Research & Analysis department within NYCEDC’s Center for Economic Transformation.

Ratio of Single Men to Single Women in NYC

New York City’s population is 53% female and 47% male. This is a widely cited statistic that often supports an argument that the gender imbalance makes it more difficult for some women to find a partner. Using Census data, we analyzed only the population who are never married singles between the ages of 20 and 34. In this subgroup, men outnumber women—742,400 to 729,500.

More interestingly, the ratio varies widely by neighborhood (we used Census Public Use Microdata Areas). On the Upper East Side, young single women outnumber young single men nearly 2 to 1. Jackson Heights, Queens is on the other end of the spectrum—where there are 1.7 males for every female. The neighborhoods with ratios of 1 to 1? Jamaica, Queens and Pelham Gardens in the Bronx.

On a related note, spending at the City’s roughly 1,200 bars is approximately $855 million per year. This works out to $140 per resident age 21 and over, which is 58% higher than in the United States as a whole.

StatsBee is a column featuring interesting statistics about NYC, written by economists at the Economic Research & Analysis department within NYCEDC’s Center for Economic Transformation.