Geography

Kips Bay, New York is located on the East side of Manhattan, just below the East River Ferry. It stretches from Thirty-Forth Street on the North side, to Twenty-Third Street on the South side, from Park Avenue on the West side and FDR Drive on the East Side.

Demographic

Males take over 45.9% of the total population, which is 83,828, leaving the female population to be 54.1%. Of these 83,000 or so people, over 42,000 are in a white-collar line of work, covering a massive 72.4% of the work force pie. In similar numbers, non-family households control 73.8% of the households market (which is a total of 50,021), while the remaining percentage (26.2%) remains as family households.

The smallest percentage of the “education pie” are people that reside in Kips Bay with no High School degree. Only 1,391 people hold this title. The largest percentages lie in where people have either a bachelors or masters degree, with bachelors controlling 45% and masters controlling 36%. With this being said, the median salary of a household ranges from $100-125K, with average household net worth being over $1.2M.

Living

It is no surprise that the average rent is high. Compared to New York as a whole, whose median rent is $1,125, the median rent in Kips Bay is $1,932. This doesn’t sound like much, however, the average rent is $3,718 per month, while the average $4,342 per month ($778,000/house on average) mortgage is making it more affordable to rent an apartment than to buy one.

Crime

In comparison to the national average, the biggest differential in crime rate is robbery risks. If we say the number for the national average rate of robbery risk is 100, the Kips Bay average is 349, more than triple the amount than the national average. The New York average of robbery risk is 130. Interestingly enough, the biggest differential of crime, this time working in favor of Kips Bay, comes in larceny. Again, if the national average is 100, the Kips Bay average is 76. Still, it is still not as impressive as the robbery risks.

Consumer Spending

Once again, if the national average for spending is 100, than Kips Bay almost doubles spending in every category there is. This is including, but not limited to, insurance, health care, entertainment, food, tobacco, and etcetera. New York’s average is larger than the national average, but not as big as Kips Bay’s average spending.

Big Issues

One of the biggest issues that is around Kips Bay is an issue that New York in general may share: gentrification. People are being pushed and bought out of their spaces in order to accommodate for the more wealthy. However, now that the demographic of people who live in Kips Bay are upper or upper-middle class, the big issues rest on the problem of homelessness.

The homelessness population in New York is over 58,000 people. In Kips Bay, you could kind, on average, a homeless person roughly once every two streets,depending on the hour of day, on Third Avenue from Twenty-Ninth to Twenty-Third Street. This issue has gotten so bad that you can now see homeless people in firms. For example, Bank of America, located on Third Avenue between Twenty-Ninth and Twenty-Eighth Street houses at least one or two homeless people, on average, per day.