It’s still cheaper to rent than it is to buy in the New York City metro region, according to data released today by the U.S. Census Bureau. Homeowners in the Greater New York City region — which they count as including New York City and Nassau, Suffolk and Orange counties — paid a median of $1,517 in monthly housing costs in 2009, compared to renters, who paid $1,019 a month. The data, which comes from the American Housing Survey, also showed that 35 percent of homeowners in the area don’t have a mortgage, while 66 percent of survey respondents reported being very satisfied with their living situation. TRD
Posts Tagged ‘u.s. census’
Westchester County has the highest property tax of all United States counties, with a hefty median annual bill of $8,404 per household, according to the Tax Foundation, a non-profit educational organization. The New Jersey county of Hunterdon came in second with a median bill of $8,347. In seven New Jersey counties and three New York counties, the median property tax in 2006-2008 was more than 7 percent of the median household income, compared with the national figure of 2.85 percent, according to a study based on U.S. Census Bureau data. All of the 10 top paying counties listed were located in the two states. Statewide, New Jersey recorded a median property tax bill of $6,320 in 2008, compared to $188 per month in Louisiana, which has the lowest median bill in the country, according to the Census Bureau data. “These states also have high per capita income, and the highest property tax bills, in terms of dollar amounts, are usually found in the areas with the highest incomes,” Gerald Prante, an economist with the Tax Foundation, said.
City’s population grew by 53,000 residents for the 12-month period
ending July 2008, the biggest numerical increase of any city in the
country, according to the U.S. Census. The city’s population was
estimated at more than 8.36 million people, up from 8.31 million in
July 2007. While a population increase has been the pattern of the past
several years, the latest numbers show a shift in the pattern of who’s
moving into and out of the city, said Joseph Salvo, chief demographer
for New York. In the year ending July 2008, Salvo said,
fewer immigrants came in but fewer residents left.