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New York Is Rebounding for the Rich. Nearly Everyone Else Is Struggling.

The huge income gap between rich and poor in Manhattan is the latest sign that the economic recovery from the pandemic has been lopsided in New York City.

A woman wearing jeans and a sweatshirt sits in an amphitheater in Brooklyn.
New Yorkers at the lower end of the income spectrum have seen their wages stagnate, and some are working excessively to keep up. Khadijah Bethea was working up to 70 hours a week for catering companies.Credit...José A. Alvarado Jr. for The New York Times

As New York City inches closer to recovering all the jobs it lost during the pandemic, Manhattan — the city’s economic engine — marked a far less encouraging milestone. It now has the biggest income gap of any large county in the country.

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Even in a city notorious for tableaus of luxury living beside crushing poverty, the widening gap is striking. The wealthiest fifth of Manhattanites earned an average household income of $545,549, or more than 53 times as much as the bottom 20 percent, who earned an average of $10,259, according to 2022 census data, released earlier this month. Social Explorer, a demographic data firm, analyzed the data for The Times.

“It’s amazingly unequal,” said Andrew Beveridge, the president of Social Explorer. “It’s a larger gap than in many developing countries,” and the widest gulf in the United States since 2006, when the data was first reported. The Bronx and Brooklyn were also among the top 10 counties in the country in terms of income inequality.

It is the latest data to underscore the city’s lopsided rebound from the pandemic. Across the city, wages are up, but mostly for the affluent. Jobs are returning, but many are in low-paying positions. Unemployment is down, but remains sharply higher for Black and Hispanic New Yorkers. The mixed signals highlight a widening chasm: The city is recovering, but many of its residents are not.

“We’re still much worse off than we were in 2019,” said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School.


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