Brooklyn, For Richer or Poorer

wages-crains.jpg
The CityFacts2008 section of Crain’s is full of all sorts of interesting info, like the chart above, which shows how wages stack up borough-by-borough for the five-year period that ended in 2006. Meanwhile, even though wages grew for residents of all the boroughs between 2005 and 2006, the rate of growth for Brooklyn earners, 6.2 percent, was the second-lowest in the city after the Bronx (5.1 percent) and way behind the 9.9 percent rise in Manhattan. We all need the extra dollars: The magazine’s consumer price index shows big increases in New York-area (includes the whole region) utilities, food and transportation costs over the past few years. One area showed a smaller rise in cost than most, though: Between 2006 and 2007, housing costs in the region were only up 2.6 percent, as compared to the 4 to 5 percent increases recorded in the few years prior.
CityFacts2008 [Crain's]
Graphic from Crain’s.

By Brownstoner |