Zip 10023 (Upper West Side, NY) Economy


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The Upper West Side of Manhattan in zip code 10023 is an affluent neighborhood known for its luxury apartments, gourmet restaurants, and vibrant nightlife. The average two bedroom rent in this area is $3,580, much higher than the US average of $1,430. The grocery cost index is 123 compared to the national average of 100, meaning groceries are around 23% more expensive in this neighborhood. Local companies include Fairway Market, a renowned grocery store chain with a location on Broadway and Zabar's, another favorite deli and marketplace located on Amsterdam Avenue. The Upper West Side is a desirable place to live due to its upscale atmosphere and close proximity to Central Park.

Upper West Side (zip 10023) has an unemployment rate of 11.2%. The US average is 6.0%.

Upper West Side (zip 10023) has seen the job market increase by 0.5% 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 Upper West Side (zip 10023)
- The Sales Tax Rate for Upper West Side (zip 10023) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Upper West Side (zip 10023) 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 Upper West Side (zip 10023)
- The average income of a Upper West Side (zip 10023) resident is $99,916 a year. The US average is $28,555 a year.
- The Median household income of a Upper West Side (zip 10023) resident is $136,109 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyUpper West Side, New YorkUnited States
  11.26
  -12.4%-6.2%
  30.7%33.5%
  8.9%6.2%
  10.1%4.6%
  $126,789$37,638
  $136,109$69,021
  $223,244$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  1.0%6.8%
  3.3%10.0%
  2.2%2.5%
  4.8%11.0%
  0.8%4.8%
  0.1%0.8%
  5.7%1.9%
  17.1%4.7%
  5.0%1.9%
  21.6%7.6%
  0.2%0.1%
  2.5%4.2%
  8.7%9.3%
  11.5%14.0%
  6.7%2.1%
  2.6%7.0%
  4.2%4.8%
  1.7%4.7%
Reviews for Upper West Side
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Over 12 years ago

I'm sure it's a statistical quirk, but I find it hard to believe that "spending per pupil" on the Upper West Side of Manhattan is $ Zero. I agree that that's what the  More

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Over 17 years ago

They say New York has a high crime rate, well I have yet to see it. I live in a great neighborhood and the stats show NY to be one of the safest big cities in the  More

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