March 2012 Economic Snapshot: Immigration and Naturalization
For our March 2012 Economic Snapshot, Fiona Peach of NYCEDC’s Research & Analysis team looked at immigration and naturalization in the New York Metro area. Many new arrivals choose to stay in New York, and in 2010, the City had 3 million foreign-born residents—the largest such population of any city in the country. Foreign-born residents accounted for 37% of the City’s total population, a higher share than any other large U.S. city except Los Angeles, in which the foreign-born share was 39%.
Naturalizations are one measure of assimilation, which is important to help the immigrant population to thrive. In FY 2010, 91,257 people were naturalized in New York, the most of any metropolitan area in the country—that’s 75.6% more than were naturalized in Los Angeles. Slightly more than half of NYC’s foreign-born population are naturalized citizens.
While this makes sense as New York and L.A. are the two largest population centers in the U.S., the third-most popular location for naturalizations was Miami, which is only the eighth largest metropolitan area by population. This is likely due to its proximity to the Caribbean and Central and South America.
In the U.S. overall, the largest group of immigrants was from Asia and Oceania, making up 41% of all citizens naturalized in FY2010. This group was also the largest in New York, but it was a smaller share at about 38%.
Naturalization is also cyclical over the past 10 years, and has mirrored private sector employment trends. Listen to our podcast for more insights on naturalization patterns and the economy, and read the full snapshot. For previous Economic Snapshots, visit our economic data archive on NYCEDC’s website.
St. Patrick’s Day in NYC
There are nearly half a million Irish Americans residing in NYC, which is more than any other city in the country. So, not surprisingly, St. Patrick’s Day is one of the most popular holidays celebrated in the City. In Manhattan, the New York City Saint Patrick’s Day parade travels along 5th Ave, and draws approximately two million spectators each year, providing a boost to the City’s economy. There are also parades in each of the other boroughs (and two in Queens) throughout March.
New York City’s ties to Ireland stem from the large wave of immigrants that came to the United States in the mid-1800s. Today, there are about 14,000 Irish-born City residents. Ireland is also a large tourism market, and according to NYC & Company there were 225,000 Irish visitors to NYC in 2010. The decline from 2008 to 2010 is reflective of Ireland’s economic contraction over the period. However, despite the decline in the number of tourists, collectively they spent $441 million in 2010, which was an increase of about 10% from 2009.
Irish Visitors to NYC (Source: NYC & Company)
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. (Top photo credit: Kristen Artz/NYC Mayor’s Office)
February 2012 Economic Snapshot: NYC’s Auction Houses
For our February 2012 Economic Snapshot, Steven Giachetti of NYCEDC’s Research & Analysis team looked at the headline-grabbing sales figures at local auction houses such as Christie’s, Sotheby’s, and Phillips De Pury. Did you know that in 2011, the top 10 art sales were comparable to the top 10 residential sales in New York City?
- Global sales at Christie’s and Sotheby’s, the largest of the auction houses, are estimated to have totaled over $11 billion in 2011, with New York City accounting for approximately 33% of the market, followed by London (25%) and Hong Kong (15%).
- Domestically, New York City accounts for more than 50% of all art sales in the nation, based on the most recent data from the 2007 U.S. Retail Census.
- Christie’s, Sotheby’s, and Phillips De Pury totaled over $1.1 billion in sales during just a two-week window of the recent Fall Contemporary and Impressionist art sales held in New York.
- The recent sale of Elizabeth Taylor’s estate at Christie’s in Rockefeller Center attracted more than 30,000 visitors.
To hear more about the impact of this sector on the City’s economy, tune in to the NYCEDC podcast above and read the full snapshot. For previous Economic Snapshots, visit our economic data archive on NYCEDC’s website.
Valentine’s Day in NYC By the Numbers
Valentine’s Day spending in New York City will total approximately $566 million this year. A survey by the National Retail Federation reveals that 60% of adults age 18+ in the Northeast are celebrating the holiday, and that these people will spend $146.30 each, on average.
Not surprisingly, the two most common Valentine’s Day purchases after greeting cards are candy and flowers. Survey respondents in the Northeast said that they planned to spend $22.71 on candy and $38.65 on flowers this year. These two industries combined employ approximately 3,000 people in the City.
Nearly a third of people celebrating plan to have an evening out – and anyone that has tried booking restaurant reservations for Valentine’s Day in NYC will know that tables are scarce and the occasion is used for marked up prix fixe menus. There are plenty of traditional Valentine’s options for dinner in NYC, but there are bargains to be had at, of all places, White Castle.
Photo credit: Malcolm Brown/NYC & Company
As New York City’s dog lovers anxiously await the crowning of this year’s “Best In Show” at The Westminster Kennel Club’s 136th Annual Dog Show at Madison Square Garden, we estimated the number of pets (dogs and cats only) that call New York City their home.
Based on our analysis, we estimate that there are approximately 1.1 million pets in the City (600,000 dogs and 500,000 cats), or an ownership rate of about one pet for every three households. This figure is lower than the national average (about 60%), as you might expect given the City’s tighter living quarters and that some apartment buildings still do not allow pets. As shown in the above map, dogs and cats seem to really enjoy living near Central Park and the back yards of Staten Island.
Read the rest of our analysis via our StatsBee column on the NYCEDC blog.
Image credit: NYCEDC
January 2012 Economic Snapshot
NYCEDC’s Research & Analysis team took a closer look at NYC’s expanding professional and business services sector. Here are some of their findings:
- Professional and Business (P&B) Services employment can be defined by industry or occupation. According to recently released Census Bureau American Community Survey data for 2010, 12.7% of New York City’s private employment is in a P&B industry.
- The largest subsector is Legal Services, which accounts for 15% of the City’s P&B industry employment.
- Private sector workers employed in a P&B occupation within a P&B industry tend to be more educated and are more likely to be white and female than in other occupations and/or industries.
- Full-time private employees working a P&B occupation and industry had an average income of nearly $115,000 in 2010, compared with average annual income of $71,083 for all full-time private workers in New York City.
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.
December 2011 Economic Snapshot: Second Homes in NYC
Exactly how large is New York City’s secondary housing market? NYCEDC’s Research & Analysis crunched the numbers, and here are some of their findings:
- According to the latest Decennial Census, only 1.2% of all housing units in New York City can be classified as secondary homes. The data, however, reveals significant variation at the borough and census tract level.
- Most secondary homes are located in Manhattan, where they account for more than 3% of all housing units. The share of secondary homes outside Manhattan is considerable lower, ranging from 0.2% in the Bronx to 0.7% percent in Queens.
- These figures compare to the median across all counties in the nation of 2.8%.
To hear more about these pieds-à-terre and how they impact the City, tune in to our podcast above and read the full snapshot.
New York Pizza
As New Yorkers, we love to talk pizza. Nearly everyone has a favorite place, and many people claim to know the best slice. To our knowledge, only Colin Hagendorf would know objectively where the best in Manhattan is – because he has now been to every pizza place in the borough.
Whether you prefer coal oven, Sicilian, or a dollar slice from 2 Bros, sometimes what matters most is just which place is the closest. So which New York City neighborhoods have the highest number of pizza establishments? Using the latest available data from the Department of Health restaurant inspection results, we know this to be the East Village (zip 10003) with 33 pizza places. In Queens, Ridgewood (11385) has the most, while Williamsburg (11211) is number one in Brooklyn. Williamsbridge (10467) and Oakwood/New Dorp (10306) are top in the Bronx and Staten Island, respectively.
Source: NYCEDC analysis of NYC DOHMH data
Land area and residential population play a big role in the number of pizza places in a particular zip code. On a per capita basis, East Harlem (10029) and the Lower East Side (10002) rise to the top spots, while the East Village falls to number 18.
Hungry now? Favorites of the Economic Analysis & Research team include Sam’s (Cobble Hill), Sac’s (Astoria—pizzas pictured above), the vodka slice at Pomodoro (Nolita), and Franny’s (Prospect Heights).
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. (Photo by Adam Kuban)
Thanksgiving in New York
There is little that epitomizes Thanksgiving in New York more than the Macy’s Thanksgiving Day Parade. This year is the 85th and about three million people are expected to watch on the streets of Manhattan, as well as 50 million viewers watching on TV at home. This spectacle includes floats, marching bands, and nearly 40 balloons (including 15 giant balloons).
While across the country the Thanksgiving tradition is for family to congregate for their dinner at one person’s house, New York City does things slightly differently. Since living space is at a premium and apartments are tiny, it can be difficult to fit family and friends. Not to mention that some ovens are not large enough to fit a turkey. However, many of the City’s 15,000 restaurants are open and put their own spin on Thanksgiving dinner. Be prepared to spend, as the high end pushes the $100 per person mark.
Even if you are prepared to cook at home Thanksgiving, it will be more expensive this year than last. Nationally, the cost of frozen turkeys has risen faster than inflation in 2011. And while we have heard that Staten Island has a large and growing wild turkey population, please remember that it is illegal to capture any of these for personal consumption.
Cost of Frozen Turkeys and Inflation (January 2000=100)
Source: Bureau of Labor Statistics
StatsBee strikes again! 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.