If you’ve got money to burn, you’ll find plenty of places to burn it in New York City, particularly if you choose to live in one of its pricier districts.
If you want to rub shoulders with New York’s elite, then get ready to lay down some serious cash for a property in one of these 10 richest neighborhoods in NYC, where the house values are high, the neighbors are all Rockefellers, and you’re as likely to see a poor person as you are a flying pig.
10. West Village
Situated in Lower Manhattan and bordered by the Hudson River to the west, West 14th Street to the north, Greenwich Avenue to the east, and Christopher Street to the south, West Village is a favorite hangout for New York’s hippest (and wealthiest).
If you fancy spending your days scouring the racks of vintage clothes stores, sipping cocktails on roof terraces, and people-watching at one of the many, many coffee shops, don’t expect to get much change out of $889,319 for a property here.
9. Greenwich Village
If you’ve got $951,089 hanging around the house gathering dust, you may want to put it to good use by investing in a property in Greenwich Village. It may once have been the favorite hangout of up and coming folk singers, but these days, you’re more likely to find a millionaire tycoon in its coffee shops than you are an idealistic young drop out.
If you do make the move, you can look forward to a low unemployment rate of 2.8%, a crime rate of 5018 per 100k, and a median household income of $121,594.
8. Cobble Hill
According to The Encyclopedia of New York, Cobble Hill, Brooklyn has "one of the city's finest collections of nineteenth-century houses". Be that as it may, it also has some of its most expensive, with the average home price sitting at a giant $1,258,134.
Fortunately, residents enjoy a large enough median income ($131,817 at the last count) to still have plenty in their pockets after the bills have been paid.
7. Upper East Side
Fancy living in a district renowned for having one of the highest concentrations of famous museums in the world (we’re talking everything from the Museum of the City of New York and the Metropolitan Museum of Art to the Goethe-Institut, New York El Museo del Barrio Whitney, Museum of American Art Society of Illustrators, and Irish Georgian Society)?
Then you may want to start looking at the property listings for New York’s Upper West Side. Before you do, you may want to prepare yourself: the median house price in this desirable enclave is a giant $916,352.
6. North Sutton Area
Up next we have North Sutton area, a swell little community of 17,279 with a first-class range of amenities, a seriously low crime rate, excellent school facilities, and some of the most expensive properties in New York.
The average homeowner in the North Sutton area is sitting on a property value of around $763,965 (although thankfully, the average household income of $147,814 is high enough to support the sky-high mortgage repayments without too much bother).
5. Financial District
The Financial District of Lower Manhattan is situated on the southern tip of Manhattan island. Up until about 20 years ago, the Financial District was strictly a business community: come 6 pm, the entire area would be a ghost town. In recent times, there’s been a shift towards introducing a greater residential purpose to the area… although as you’d expect, most properties there come with a substantial price tag attached.
Fortunately, there’s plenty of well-paying jobs in the area to support the $957,860 newcomers will have to fork out for a property (although they’d better make sure to land a good one if they want to keep up with the neighbors, most of whom are enjoying a median household income of $158,605).
If you’ve got a median household income of $163,970, then you’re likely to feel right at home in Tribeca. Bordered by Canal Street, West Street, Broadway, and Chambers Street in Lower Manhattan, the neighborhood has been one of New York’s most fashionable and desirable places to live since the early 21st century, and now boasts one of the highest concentrations of celebrity residents in all of New York. If you fancy hobnobbing with the rich and famous, this is one of the best places to do it.
3. Battery Park
In third place position is Battery Park, a place where housing doesn’t come for free (we’re talking $754,550 for the average property price), and labor doesn’t either (most households manage to make around $169,476 in median income). What does come for nothing is access to one of the biggest and best public parks in New York.
2. Carnegie Hill
According to Home Snacks, the median household income in New York’s desirable Carnegie Hill neighborhood is a mammoth $171,603, making it the 2nd richest neighborhood in NYC. It’s not just high-incomes residents enjoy: unemployment stands at a minuscule 1.8%, crime is a very reasonable 841 per 100k, and the amenities score a very respectable 9.5 out of 10. You may have to brace your bank manager before applying for a mortgage to live here, though, thanks to a median home value of a frankly staggering $1,741,986.
1. Fresh Kills
Considering it was a landfill site until as recently 2001, the addition of Fresh Kills to our list may come as a surprise. These days, however, the area has been transformed into the largest park to be created in New York City for over 100 years.
Covering an area three times the size of Central Park, Fresh Kills is now a thriving paradise for wildlife, recreation, science, education, art, and, as of 2019, New York’s richest citizens. Boasting a scenic view over the Hudson River and a magnificent cityscape, this little slice of New York City attracts only the very wealthy, as evidenced by the median household income of a whopping $250,001.
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Written by Allen Lee
Read more posts by Allen Lee