search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal
Residential
New York

Are NYC and San Francisco just for the rich?: VIDEO

The cost of living in both New York City and San Francisco has skyrocketed in the past twenty years. Today, some feel that these cities have left behind their traditions as “economically diverse melting pots” to become exclusive playgrounds for the wealthy.

Sign Up for the undefined Newsletter

And this transformation is made especially clear by new visualizations from the U.S. Census Bureau (see video above), citing data from its latest American Community Survey of population and income, according to the Huffington Post.

The maps illustrate the change in median household incomes from 1990 to 2012 in NYC and San Francisco. The darker shades on the map correlate with higher income, and brighter shades represent lower incomes. The darkest red areas show neighborhoods with a median household income of $75,000 per year or more, and the lightest white indicates a median household income of $35,000 per year or less. [Huffington Post] –Christopher Cameron

Tags
BillionairesSan Francisco