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Old 11-21-2007, 04:10 PM
 
Location: manhattan
274 posts, read 319,895 times
Reputation: 42

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Manhattan tops salaries at $2,821 per week




Mon Nov 19, 2007

NEW YORK (Reuters) - At $2,821 per week, people in Manhattan earned three times the average U.S. wage in the first quarter of this year, boosted by financial sector bonuses, government statistics showed on Monday.

Equivalent to nearly $147,000 per year, average weekly pay for Manhattan residents shot up 16.7 percent from the same period of 2006, maintaining its spot as the wealthiest county in the United States.

Nationally, the average rise was 5.1 percent to $885 per week, or $46,000 per year, the U.S. Bureau of Labor Statistics said.

People in Manhattan, home to Wall Street, earned three to four times more than their neighbors in other New York City boroughs and almost five times more than workers in the state of Montana.

Manhattanites in the financial activities supersector made an average of $10,156 per week, or about $528,000 per year, largely because year-end bonuses and commissions are paid in the first quarter, the bureau said in a news release.

Manhattan far outpaced the average wage in the boroughs of Queens ($831), the Bronx ($788), Brooklyn ($742) and Staten Island ($733), partially explaining its gentrification and economic discrepancies with the rest of New York City.

After Manhattan, the country's top-ranked counties in the first quarter were Fairfield, Connecticut, a New York City suburb, at $1,979, followed by Suffolk, Massachusetts, which includes Boston, at $1,659, and San Francisco at $1,639.

Four of the 10 counties with the highest average wages were in the New York area, while three others were in and around San Francisco, near the Silicon Valley high-technology corridor.

Manhattan tops salaries at $2,821 per week | U.S. | Reuters

© Reuters 2006.
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Old 11-21-2007, 04:24 PM
 
Location: Los Angeles
50 posts, read 63,804 times
Reputation: 22
No suprise here. The richest areas are on the east coast/NY and in the Bay Area.

That picture is beautiful.
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Old 11-21-2007, 04:45 PM
 
227 posts, read 1,356,916 times
Reputation: 127
Heh...theres plenty of people in NY who earn a lot more than $2,000/week.
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Old 11-21-2007, 04:57 PM
 
Location: Bronx, NY
5,720 posts, read 20,041,025 times
Reputation: 2363
Im a little surprised by this. Uptown Manhattan which includes Harlem, Washington Heights and Inwood are known for housing projects, crime and drugs. It's not as bad now but still the ghetto. The people living there don't win much money, but probably the millionares living downtown help overcome the Uptown section.
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Old 11-21-2007, 05:26 PM
 
Location: Los Angeles
50 posts, read 63,804 times
Reputation: 22
Quote:
Originally Posted by SuperMario View Post
Im a little surprised by this. Uptown Manhattan which includes Harlem, Washington Heights and Inwood are known for housing projects, crime and drugs. It's not as bad now but still the ghetto. The people living there don't win much money, but probably the millionares living downtown help overcome the Uptown section.
I was thinking the same. The average salary must be huge for the rest of Manhattan (excluding uptown), if the average salary still comes out to $147,000 a year even with the poorer areas factored in.

I wonder how rich Manhattan will be when/if they completely gentrfy Harlem and run the poor out.

Manhattan has become like central Paris, an area for the "haves" while the "have not's" are being pushed far away into the Bronx or out of the city all together.
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Old 11-22-2007, 12:16 AM
 
Location: the best coast
718 posts, read 2,687,558 times
Reputation: 225
Manhattan is nice. The rest of the dumpy buroughs:staten bronx, queens, brooklyn, are the real face of new york, however. Which is why new york as a whole will never be as nice or as safe as boston,silicone valley, or sf.
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Old 11-22-2007, 12:32 AM
 
227 posts, read 1,356,916 times
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as nice as SF? Oakland and Richmond are right outside of SF and noted in the top 10 crime cities.

But yeah, Manhatten is very nice. Clean, safe, and spectacular. But it's surrounded by a lot of filth
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Old 11-22-2007, 12:42 AM
 
Location: the best coast
718 posts, read 2,687,558 times
Reputation: 225
Quote:
Originally Posted by cvanripe10 View Post
as nice as SF? Oakland and Richmond are right outside of SF and noted in the top 10 crime cities.

But yeah, Manhatten is very nice. Clean, safe, and spectacular. But it's surrounded by a lot of filth
Well first and foremost oakland and richmond do not make up sf. they all dont have one mayor or somthing. Hell they dont even share baseball or football teams. Where as all those other boroughs make up new york city.they all share GOOD ole bloomburg and fly under the banner of new york city.How are oakland and richmond outside of sf? they are on the other side of the water. Pacifica, south city, daly city, now thats outside sf. Thats like trying to affiliate new york city with jersey city or newark.
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Old 11-22-2007, 01:27 AM
 
Location: Bronx, NY
5,720 posts, read 20,041,025 times
Reputation: 2363
Quote:
Originally Posted by LP640 View Post
Manhattan has become like central Paris, an area for the "haves" while the "have not's" are being pushed far away into the Bronx or out of the city all together.
Yeah, that's exactly what they're doing.
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Old 11-22-2007, 01:32 AM
 
Location: manhattan
274 posts, read 319,895 times
Reputation: 42
Quote:
Originally Posted by skatealoneskatetogether View Post
Manhattan is nice. The rest of the dumpy buroughs:staten bronx, queens, brooklyn, are the real face of new york, however. Which is why new york as a whole will never be as nice or as safe as boston,silicone valley, or sf.
You claim defeat, so you must drag New York's success through the mud once again.

Have you even ever step foot in New York? New York is huge and has way more nice parts than most cities.

MOST of Brooklyn is not dumpy, most of Queens is not dumpy, most of Staten Island isn't either..Bronx (excluding the northern section which is wealthier than many of West L.A.'s suburbs), is the only borough I would classify as a generally a more run down/poor area.

But oh yea, Brooklyn is "dumpy"

Pictures from Brooklyn







http://img518.imageshack.us/img518/1925/hsdfultonstreetmallqd8.jpg (broken link)
http://img518.imageshack.us/img518/1925/hsdfultonstreetmallqd8.69d1d52bff.jpg (broken link)


Last edited by SaintLaurent; 11-22-2007 at 02:15 AM..
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