NYC is one of the most famous cities in the world, known for its wealth and luxury. With so much money and luxurious lifestyles, it can be difficult to determine which borough is the wealthiest. Fortunately, there are a few metrics that can be used to determine the richest borough in NYC.
First and foremost is the median household income. According to the US Census Bureau, the median household income in NYC is $63,359. The borough that has the highest median household income is Manhattan, at a whopping $86,353. This is more than double the median household income of the city as a whole, making Manhattan the wealthiest borough in NYC.
The second metric to consider is the median home value. According to the US Census Bureau, the median home value in NYC is $658,800. The borough that has the highest median home value is Manhattan, at an astonishing $1,299,400. This is nearly double the median home value of the city as a whole, making Manhattan the wealthiest borough in NYC.
Finally, one can look at the number of millionaires living in each borough. According to a 2018 report from Wealth-X, the number of millionaires in NYC is estimated to be around 287,000. The borough with the highest number of millionaires is Manhattan, with approximately 151,000 millionaires. This is more than double the number of millionaires living in the city as a whole, making Manhattan the wealthiest borough in NYC.
In conclusion, the wealthiest borough in NYC is Manhattan. With the highest median household income, the highest median home value, and the highest number of millionaires, Manhattan stands out as the most prosperous borough in the city. The wealth of Manhattan is a testament to the city’s vibrancy and prosperity, and it remains one of the most desirable places to live in the world.
