Manhattan only big US county to see 08 wages fall

Well first, Manhattan isn't a county. It's a borough. New York is the county.

But besides that - YOU AIN'T SEEN NOTHING YET!

actually Manhattan IS the county called New York.
From the official NYS website, the counties in NYC are:

Bronx
Kings (Brooklyn)
New York (Manhattan)
Richmond (Staten Island)
Queens

stevejhx MANHATTAN IS ACTUALLY A COUNTY. WE CALL IT NEW YORK COUNTY. NEW YORK, NY = MANHATTAN ONLY

GO BRUSH UP ON YOUR GEOGRAPHY.

Oh and anyway, Manhattan ( New York County.....stevejhx) is still the wealthiest county in the United States so...

*yawn*

"Congratulations to us all! Manhattan has maintained its spot as America's wealthiest county. A Manhattanite's salary averages $2,821 a week, according to the Wall Street Journal (and that's sans bonuses)."

How old are you kid?

You never ask me anything.

Well, it's a relief to hear that doesn't include bonuses, because at $2821 a week times 52 weeks we get the princely sum of $146,692, which could enable one to buy a decent spread in North Dakota perhaps, but even with two incomes would take the average family of four an eternity to save for and purchase something. Even a single person would have had to save for quite some time for the $500-600k one bedroom, unless of course they got the mortgage that just keeps on giving.

Q4 2008 wages fell in the financial sector? Really? Now that's news!

"Oh and anyway, Manhattan ( New York County.....stevejhx) is still the wealthiest county in the United States so..."

No it's not. It is, however, the one with the greatest disparity in income distribution and the one with the greatest population density.

Manhattan is an island, and a borough. It is NOT the name of a county. The borough of Manhattan is NOT the same as the island of Manhattan, as the borough includes part of what is geographically the Bronx, as well Roosevelt Island and Governor's Island and Randall's Island and Ward's Island and Liberty Island (the part that's not in New Jersey).

Sorry. GO BRUSH UP ON YOUR GEOGRAPHY.

"The borough of Manhattan is NOT the same as the island of Manhattan, as the borough includes part of what is geographically the Bronx, as well Roosevelt Island and Governor's Island and Randall's Island and Ward's Island and Liberty Island (the part that's not in New Jersey)."

Yes, they are included in the borough and the county. So they don't help your point... at all.

So, I believe, as others have said, you are wrong. The borough of manhattan is the same as New York county, so saying Manhattan as a county is more than fair (and I think more so than saying New York only county, because that would confuse with city).

Also, Staten Island is Richmond County... but anyone who would complain about naming Staten Island as a borough would also be a putz.

And Brooklyn is Kings.

You going to pretend Brooklyn isn't one of the boroughs?

Better tell the guy who named Brooklyn Borough Hall.

stevejhx, you are making this complicated. Manhattan = New York County. Period.

It's a very simple concept and that paragraph you wrote was so worthless and unnecessary. Manhattan is a county aka New York County and that's all I have to say about that.

And yes, Manhattan is the wealthiest county. Why are you arguing with numbers?

LOL, I still don't understand what population density has to do with anything. Being very densely populated is actually a negative thing statistically speaking in regards to average salary. Think of how much wealthier it would be if we could omit that ghetto above 100th street.

New York County = Wealthiest. Get it? Got it? Good!

well, the big point is still that everyone else still managed to weather this better than we did.

And we started falling later...

this debate is quite worthless but i don't like wonderboy's attitude. manhattan is a borough that is coterminous with new york county. they are two different legal entities. It's like if a person named John Doe incorporated himself and his assets into an ABC Corp. There're two entities, John Doe the person and ABC the corporation. There is no such thing as John Doe Corp. So there is no such thing as manhattan county.

liulide, exactly so.

wonderboy, did you do this?: http://tinyurl.com/nv6fnn

liulide - thank you.

"so saying Manhattan as a county is more than fair"

Not at all. Chicago is a city, Cook is a county. Los Angeles is a city and a county, but Los Angeles County contains many cities other than the city of Los Angeles. Likewise, the City of New York contains many counties that are not cities. Miami-Dade is a county; Miami is a city. Miami-Dade has areas that are unincorporated.

The Borough of Manhattan has a government; New York County does not. New York County has state courts; the Borough of Manhattan does not. Manhattan Island is not the borough of Manhattan.

Your claim is as dumb as when LICC claimed that Queens is not on Long Island.

"this debate is quite worthless but i don't like wonderboy's attitude. manhattan is a borough that is coterminous with new york county. they are two different legal entities. It's like if a person named John Doe incorporated himself and his assets into an ABC Corp. There're two entities, John Doe the person and ABC the corporation. There is no such thing as John Doe Corp. So there is no such thing as manhattan county."

Not a good analogy, these aren't legal entities, these are geographic representations. And, if they represent the exact same thing, then they are the exact same geo.

Two names for the same thing, is still the same thing.

And New York County does not even make the Top 10 in terms of wealthiest counties in the country:

Rank County Median Household Income
1 Loudoun County, Virginia $107,207
2 Fairfax County, Virginia $105,241
3 Howard County, Maryland $101,672
4 Somerset County, New Jersey $97,658
5 Morris County, New Jersey $94,684
6 Douglas County, Colorado $92,824
7 Montgomery County, Maryland $91,835
8 Nassau County, New York $89,782
9 Prince William County, Virginia $87,243
10 Santa Clara County, California $84,360

Steve, I was going to post that ... it's per-household data. The per-capita (individual) median income is indeed highest for New York County, per the Wikipedia. Scroll down.

They don't include actual wealth rankings -- just income.

I might add that wonderboy's income and wealth don't drag down the New York County median.

nyc, you prove my point:

"And Brooklyn is Kings. You going to pretend Brooklyn isn't one of the boroughs? Better tell the guy who named Brooklyn Borough Hall."

Brooklyn has a borough hall because it is a borough. However, Kings County has a courthouse, because it is a New York State entity.

Thank you.

"Not a good analogy, these aren't legal entities, these are geographic representations."

Well in that case, nyc, you're wrong again, because what is geographically Manhattan - an island - is not politically the borough of Manhattan. Unless Manhattan Island is partially in the Bronx.

And New York County is not even first in terms of per-capita income. It's second, and after what happened to Wall Street it's likely to fall as income is not distributed evenly in New York:

Rank County Average Per Capita Income
1 Teton County, Wyoming $132,728
2 New York County, New York $120,790
3 Loving County, Texas $99,593
4 Pitkin County, Colorado $93,465
5 Marin County, California $91,483
6 Fairfield County, Connecticut $84,576
7 Westchester County, New York $74,878
8 San Mateo County, California $71,753
9 Morris County, New Jersey $71,713
10 San Francisco County, California $71,342

Because he lives in the Bronx, I mean.

Well, medians are tough in this... we have everything north of 96th street bringing that down.

But tought to deny the concentration of wealth below 96th street. Nassau County doesn't even come close....

Lets try an average...

The average is the mean, the household is the median. The reason there is such a difference in New York County is because of the income distribution disparity.

"The average is the mean, the household is the median"

Unintentional non sequitur of the week?

No - look at the data. The average per capita income is the mean per capita income; the household data are the median.

stevejhx is correct. Manhattan is not a county. It is called New York County. Just like Brooklyn is not a county, as it is called Kings County. Seriously nyc10022, it must suck to be schooled on such simple things by some jerk who lives in Jersey.

"Rank County Average Per Capita Income
1 Teton County, Wyoming $132,728"

What the hell is in Teton County for it to warrant such a high income?

I'm talking average income, you fool.

At $2,821 per week, people in Manhattan earned three times the average U.S. wage in the first quarter of this year, boosted by financial sector bonuses, government statistics showed on Monday.

Equivalent to nearly $147,000 per year, average weekly pay for Manhattan residents shot up 16.7 percent from the same period of 2006, maintaining its spot as the wealthiest county in the United States.

Nationally, the average rise was 5.1 percent to $885 per week, or $46,000 per year, the U.S. Bureau of Labor Statistics said.

People in Manhattan, home to Wall Street, earned three to four times more than their neighbors in other New York City boroughs and almost five times more than workers in the state of Montana.

Manhattanites in the financial activities supersector made an average of $10,156 per week, or about $528,000 per year, largely because year-end bonuses and commissions are paid in the first quarter, the bureau said in a news release.

Manhattan far outpaced the average wage in the boroughs of Queens ($831), the Bronx ($788), Brooklyn ($742) and Staten Island ($733), partially explaining its gentrification and economic discrepancies with the rest of New York City.

After Manhattan, the country's top-ranked counties in the first quarter were Fairfield, Connecticut, a New York City suburb, at $1,979, followed by Suffolk, Massachusetts, which includes Boston, at $1,659, and San Francisco at $1,639.

Four of the 10 counties with the highest average wages were in the New York area, while three others were in and around San Francisco, near the Silicon Valley high-technology corridor.

And New York County is not even first in terms of per-capita income. It's second, and after what happened to Wall Street it's likely to fall as income is not distributed evenly in New York:

THAT LIST IS WRONG. IT'S FROM 2005. WELCOME TO 2009. THE LIST THAT PUT'S MANHATTAN AT TOP IS FROM 2007.

And it still did so poorly on the affordability index. Sometimes the highest wages just aren't enough.

"ruling class?" what is this, the f'ng ancien regime? and how did that work out for them?

If You Can't Afford It, Don't Move to Manhattan

Lackawanna County in Pennsylvania is only a two hours' drive from New York City, but it may as well be a world apart.

Workers in the rural county, home to the Electric City Trolley Museum and plenty of coal mines, earn less than a fourth of Manhattan residents, roughly a quarter for every dollar earned by New Yorkers.

The average weekly salary in Lackawanna County is $634 compared to $2,821 in Manhattan in the first quarter of 2007.

And they're not alone -- workers in Manhattan command by far the highest salaries in the country. Most other large cities lag far behind, the closest ones being San Francisco at $1,639 a week and Washington, D.C., at $1,428 a week.

Manhattan has always been bigger and brighter when it comes to culture, personality, attitude and wealth. But life at the top has only grown more extreme in the last few years as salaries and real-estate prices in the city have mushroomed.

And salaries keep rising for already wealthy New Yorkers -- the average weekly wage increased 16.7 percent compared to the same period last year, according to the Bureau of Labor Statistics. That's the second-highest increase of any county in the country.

Only workers in Trumbull, Ohio, saw a larger percent increase (and they're still only earning $860 a week, less than third of workers in Manhattan.)

Manhattan's vast financial industry is driving this income gap; the average weekly pretax pay for workers in Manhattan's financial sector was $16,918 in the first quarter of 2007, an increase of about 25 percent compared to last year, according to the Bureau of Labor statistics.

And those numbers are actually much higher, since Wall Street is planning about $38 billion in bonuses this year, which works out to an average of $201,500 per person. That bonus is four times the median American family income of $43,000, enough money to snap up a Cessna plane and a new Mercedes S-Class 4matic sedan.

Steve, I bet you are well below average (pun intended)

Ciao!

lol, this boy is a trip. And that "ruling class" comment has me LOL'ing. WTF?

" I might add that wonderboy's income and wealth don't drag down the New York County median."

The shoes in my closet alone are are enough to feed the entire Manhattan above 96th street for the rest of the year.

this is too much.

is this a competition now?

My Rolex is can feed Bronx for the day.

How's that?

Ew, you all need to please leave the wealth talk and fashionable come-backs to me. That wasn't funny.

I already have too many people on my D&G jock. Please give me space to breathe.

justinb:The shoes in my closet
_

Have you been raiding the bargain bin at Century 21?

Please tell us how old you are!!?!?

Tacky destitute trannies in the Bronx won't tell their age.

Found it, he's 20.

Wonderboy: "I'm not a child, I'm 20. "

http://www.streeteasy.com/nyc/talk/discussion/12343-cfranch-market-thoughts

You've got quite the mouth for a 20 year old.

"Manhattan's vast financial industry is driving this income gap"

Hmmm.