DollarTimes
You are Here:
DollarTimes.com > Mortgage > New York > New York
New York, New York Mortgage and Housing Information
Population: 8,008,278
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in New York
Income
| U.S. | New York | New York | |
|---|---|---|---|
| Median Earnings | $27,239 | $30,469 | $30,915 |
| Median Earnings, Males | $32,396 | $35,493 | $32,915 |
| Median Earnings, Females | $22,097 | $25,761 | $28,528 |
Males earn $4,387 (15.4%) more than Females in New York.
Commuting in New York
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 794,422 |
| Carpooled | 254,974 |
| Public Transit | 1,684,850 |
| Bicycle | 15,024 |
| Walking | 332,264 |
| Other Means | 18,385 |
| Total, Commuted | 3,099,919 |
| Worked from home | 92,151 |
| Total | 3,192,070 |
Time Spent Commuting in New York
Time spent commuting in New York
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 36,907 |
| 5-9 | 117,493 |
| 10-14 | 205,727 |
| 15-19 | 272,534 |
| 20-24 | 316,245 |
| 25-29 | 121,927 |
| 30-34 | 517,367 |
| 35-39 | 86,101 |
| 40-44 | 181,563 |
| 45-59 | 485,781 |
| 60-89 | 535,411 |
| Over 90 | 222,863 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 338,288 | 13.3% | 381,704 | 15.0% |
| Associate Degree | 132,421 | 5.2% | 199,920 | 7.9% |
| Bachelor's Degree | 489,460 | 19.3% | 552,449 | 21.8% |
| Master's Degree | 211,537 | 8.3% | 277,647 | 10.9% |
| Professional Degree | 88,968 | 3.5% | 69,137 | 2.7% |
| Doctorate Degree | 38,471 | 1.5% | 31,399 | 1.2% |
| Total (at least some college) | 1,299,145 | 51.2% | 1,512,256 | 51.2% |
| Total over 25 | 2,536,661 | 100% | 2,951,324 | 100% |
Housing in New York
Value of Houses and Condos
| U.S. | New York | New York | |
|---|---|---|---|
| Median home value in year 2006 | $185,200 | $303,400 | $496,400 |
Monthly Owner Costs
| U.S. | New York | New York | |
|---|---|---|---|
| With a mortgage | $1,402 | $1,789 | $2,218 |
| Without a mortgage | $399 | $617 | $668 |
Tenancy in New York
| Owner-occupied homes | 1,040,037 |
|---|---|
| Renter-occupied homes | 1,980,247 |
| Homes for sale | 21,677 |
| Homes for rent | 77,744 |
| Total | 3,311,119 |
Ownership of Houses and Condos
Types of mortgages for owner-occupied Houses and Condos in New York (2006)
| Mortgage Type | Number of Houses and Condos | Percent of total |
|---|---|---|
| Without a mortgage | 365,529 | 35.1% |
| First Mortgage Only | 555,171 | 53.4% |
| Second Mortgage and/or Home Equity Loan | 119,337 | 11.5% |
| Total | 1,040,037 | 100% |
Age of New York Residents
| Males | Females |
|---|---|
| 32 | 35 |
Mortgage Calculator
What Will Your Monthly Payment Be?
Results
?This will calculate your approximate monthly mortgage payment based on the purchase price and your loan details.
This calculator is for fixed-rate mortgages. Adjustable-rate mortgages, or ARMs, may allow you to acheive lower payments in the short term. However, with ARMs, your monthly payment may increase if interest rates rise.