Zip 11423 (New York, NY) Economy


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New York City is home to the affluent borough of Manhattan, and the 11423 area located in Midtown West is no exception. Here you can find luxury apartments and modern condos coupled with a variety of upscale restaurants and shopping boutiques. Rent prices for two bedroom apartments typically range from $2,250-$3,000 per month. Grocery costs are about 16% higher than the national average; however, residents have plenty of options when it comes to groceries such as Whole Foods Market, Gristedes Supermarket, Trader Joe's, and Fairway Market. Other local businesses include Apple Bank for Savings, American Family Care Medical Centers, and Regal Cinemas E-Walk 13 & RPX.

New York (zip 11423) has an unemployment rate of 11.2%. The US average is 6.0%.

New York (zip 11423) has seen the job market decrease by -12.4% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.

Tax Rates for New York (zip 11423)
- The Sales Tax Rate for New York (zip 11423) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for New York (zip 11423) is 10.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for New York (zip 11423)
- The average income of a New York (zip 11423) resident is $32,695 a year. The US average is $37,638 a year.
- The Median household income of a New York (zip 11423) resident is $69,386 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew York, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
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    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock10.0%
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    Unlock11.0%
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    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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