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New York City, NY is one of the most diverse and populous cities in the United States. According to the latest estimates from 2019, NYC had a population of approximately 8.6 million people. The city’s diversity is reflected in its racial and ethnic make-up; nearly half (47%) of New Yorkers identify as non-Hispanic white, while 28% identify as Hispanic or Latino, 17% as black or African American, 14% as Asian, and 2% as Native Hawaiian or Pacific Islander.
In terms of gender composition, slightly over 50 percent of New York City residents are female while just under 50 percent are male. In terms of age distribution, 24 percent of New Yorkers are between 18 and 34 years old, 27 percent are between 35 and 54, 22 percent are between 55 and 64, and nearly 27 percent are over the age of 65.
In terms of educational attainment, nearly one third (30%) of New Yorkers possess a bachelor’s degree or higher while over a quarter (26%) have some college but no degree. Nearly one fifth (18%) of New York City residents have only a high school education or less.
New York City is home to some of the world’s largest and most influential companies, which provide numerous job opportunities for residents. Some of the major employers in New York City include JPMorgan Chase & Co., Citigroup Inc., Goldman Sachs Group Inc., Verizon Communications Inc., Morgan Stanley, Bank of America Corp., MetLife Inc., American Express Co., Pfizer Inc., AIG, Credit Suisse Group AG, Deutsche Bank AG, and UBS.
These employers offer jobs in a variety of industries including finance, technology, media/entertainment, advertising/marketing, education/healthcare and more. Furthermore, many smaller businesses located throughout the city also provide employment opportunities for New Yorkers. In addition to these employers, nonprofit organizations like the United Way and non-governmental organizations like the Rockefeller Foundation also employ a large number of professionals in New York City.
These organizations offer unique job opportunities and often provide excellent benefits and flexible work schedules. New York City is also home to a variety of government agencies and employers, including the New York State Department of Labor, the NYPD, FDNY and other city departments.
Government jobs offer competitive salaries and benefits packages, making them attractive employment options for many New Yorkers. Finally, numerous educational institutions located in New York City employ faculty members, researchers and staff. These employers include renowned universities such as Columbia University, NYU and Cornell.
Economically, around 15% of households in New York City earn under $25,000 per year while 18% earn between $25-50K per year. Just over 30% make between $50-100K annually, 25% make above $100K each year, and 10% make more than $150K per year.