Curious about where the wealthiest New York people live? Let’s explore the wealthiest zip codes in NYC and apartments you could purchase there right now.
Houses to buy in NYC have always been in high demand. As New York City is essentially made up of islands, there is limited space to expand upon where residential buildings are forced to go up and limited to how high they can be built. With the constant flow of people to the city along with a small pool of available housing, this has led to high demand for apartments in NYC and in turn, higher prices.
Cost of living: New York City
It’s no surprise that the cost of living in NYC is pretty high. But just how much does it cost to live in NYC? While the national average for the cost of living is 100, the cost of living in NYC is 187.2, which is a lot higher. In fact, NYC ranks the 8th most expensive out of 486 cities in the world. The median household income in New York in 2019 was $67,844 and is higher than the U.S. median household income of $61,937.
However, the cost of living in Manhattan was 148% higher than the average costs for other major cities in the U.S. and Brooklyn was 80% higher than the average. Despite the high cost of living in the Big Apple, many people flock to the city yearly and are even able to purchase their own space. So where do the wealthiest people really live in NYC and can you buy houses there too? Let’s check it out.
NYC’s most expensive zip codes
So how did we determine the priciest zip codes in NYC? While housing in the city is generally higher than the rest of the country, our NYC zip code ranking wasn’t based on how much it costs to purchase property in the neighborhood. Instead, we determined the wealthiest zip code by the income of those living in it. Let’s explore where the wealthiest New Yorkers choose to call home!
These are the top eight zip codes in New York City based on the population’s average adjusted gross income:
Zip code 10005
The zip code with NYC’s wealthiest New Yorkers is 10005. This zip code is in the Financial District neighborhood of Lower Manhattan, where Wall Street is located. It is also known as FiDi for short and the average adjusted gross income of those living in this area is $614,330 with a median household income of $124,670.
The Financial District neighborhood is home to many of the city’s major financial institutions such as the New York Stock Exchange and the Federal Reserve Bank of New York. There are also plenty of tourist attractions such as the Federal Hall National Memorial, One World Trade Center, Museum of American Finance, Skyscraper Museum, and Trinity Church.
The Financial District neighborhood of Manhattan features high-rise buildings, cobblestone streets, and the seaport district that has beautiful waterfront views. The majority of those living here are in their late 20s to early 40s with the majority of them being single adults and a small number are families. Compared to other neighbors in NYC, 10005 has an extremely small number of children under 18 living there.
The most expensive listings in 10005 right now:
15 Broad Street, #3500 Financial District, New York ($2,750,000)
75 Wall Street, #PHL1 Financial District, New York ($2,745,000)
Zip code 10007
The second wealthiest NYC zip code is 10007. This zip code is located in Tribeca in Lower Manhattan and its name is an abbreviation of “Triangle Below Canal Street”. The average adjusted gross income of New Yorkers living here is $597,920 and the median household income is $216,037. The median price of listed homes in Tribeca is $3.8 million, however many of the newer developments are known for being a lot pricier.
This neighborhood first started off as farmland but transitioned into focus on commerce of dry goods and textiles in the early 19th century. After the urban renewal in the 1960s and 70s, it became home to artists, models, entrepreneurs, and celebrities. Currently, this neighborhood is home to many celebrities such as Taylor Swift, Justin Timberlake and Jessica Biel, Jake Gyllenhaal, Harry Styles, Meg Ryan, Blake Lively and Ryan Reynolds, and many others. Tribeca is also experiencing a rebirth of the art scene with new galleries filling vacant retail spaces and has plenty of outdoor parks and restaurants to enjoy.
The most expensive listings in 10007 right now:
111 Murray Street, #PH2 Tribeca, New York ($40,000,000)
2 Park Place, #PavilionA Tribeca, New York ($29,850,000)
Zip code 10065
The zip code 10065 is the third wealthiest neighborhood in New York City with an average adjusted gross income of $583,080, a median household income of $115,519, and the median listing home price is $1.5 million. 10065 is located in the Upper East Side of Manhattan and is home to some of America’s most famous families such as the Roosevelts, Kennedys, Rockerfellers, and Carnegies in the 1900s. The Upper East Side is known as a prestigious neighborhood that has attracted celebrities, politicians, billionaires, and heiresses.
This neighborhood features some of the most famous museums in the world such as The Metropolitan Museum of Art, Solomon R. Guggenheim Museum, Andrew Carnegie Mansion, and the Jewish Museum of New York located on “Museum Mile”. It is also located near Central Park and also has plenty of playgrounds, community centers, schools, and a vibrant nightlife within it.
The most expensive listings in 10065 right now:
12 East 69 Street Upper East Side, New York ($79,000,000)
12 East 63 Street Upper East Side, New York ($67,000,000)
Zip code 10021
The 10021 zip code of NYC is the fourth wealthiest with an average adjusted gross income of $562,340 and median household income of $107,907. This zip code is located in Lenox Hill, which is a neighborhood found on the lower section of the Upper East Side of Manhattan and has a median listing home price of $2.7 million. It spans 69th Street to 74th Street, east of Fifth Avenue and the majority of this neighborhood is found within the Upper East Side Historic District. Lenox Hill was named after a hill that became 70th Street and Park Ave and after the Scottish merchant Robert Lenox who owned 30 acres of land in the area.
This neighborhood features the Lenox Hill Hospital, luxury residences that were built in the 1910s and 20s, boutiques, art galleries, and five-star hotels. There is an extremely large number of people in their late 20s to early 40s and a large number of seniors living in the area.
The most expensive listings in the 10021 right now:
33 East 74 Street Upper East Side, New York ($41,000,000)
15 East 69 Street, #PH Upper East Side, New York ($38,500,000)
Zip code 10282
Next is the zip code 10282 located in Battery Park City on the west side of the southern tip of Manhattan. In particular, 10282 is found in the northernmost part of Battery Park City. It has an adjusted average gross income of $527,960 and median household income of $230,952. The median listing home price in this neighborhood is $1.3 million. Battery Park City is named after Battery Park, the city located at the southern tip. This neighborhood is bounded by the Hudson River on the north, west, and south and its residential neighborhoods are separated into northern and southern sections by the Brookfield Palace.
The northern section of Battery Park City, where the 10282 zip code is located, is mainly made up of 20-45 story buildings. The majority of these buildings are various shades of exposed orange brick. Most New Yorkers living in this area are young to middle-aged adults with a lower ratio of college-aged and elderly residents. Currently, there are a few celebrities living in this neighborhood such as Leonardo DiCaprio, Tyra Banks, Oliver stone, and Sacha Baron Cohen.
The most expensive listings in 10282 right now:
212 Warren Street, #16L Battery Park, New York ($5,225,000)
2 River Terrace, #11R Battery Park, New York ($4,575,000)
Zip code 10069
The sixth wealthiest zip code in New York City is 10069 and it’s located in the Upper West Side neighborhood of Manhattan. Specifically, it’s found in the southwest corner of the neighborhood. This zip code has an average adjusted gross income of $520,510 and median household income of $170,630. Additionally, the median home listing price is $1.4 million.
The Upper West Side neighborhood is bordered by Central Park and the Hudson River and mainly consists of residential buildings. Many of the New Yorkers living in this area work in commercial areas of Midtown and Lower Manhattan. Most of the residents of the neighborhood are adults with 34% between 25-44 years old, 27% between 45-64 and 18% are 65 or older.
The Upper West Side neighborhood is distinguished by the four luxury residential buildings built in the 1930s: the Eldorado, San Remo, Majestic, and Century apartments. The neighborhood also features the Lincoln Center for the Performing Arts, Beacon Theatre, and American Museum of Natural History. It is also known as one of Manhattan’s cultural and intellectual hubs with Columbia University and Barnard College located nearby along with its museums, performing arts spaces, and other architectural sites.
A few notable celebrities living in this affluent neighborhood include Yoko Ono, Maury Povich and Connie Chung, Judy Hart Angelo, and Alexandra Shiva and Jonathan Marc Sherman.
The most expensive listings in 10069 right now:
1 West End Avenue, #29B Upper West Side, New York ($19,500,000)
Zip code 10022
The next wealthiest zip code is 10022. It is located in the Turtle Bay neighborhood on the east side of Midtown Manhattan. The residents living in the area have an average adjusted gross income of $514,790 and a median household income of $109,019. Additionally, the median listing home price is $1 million. This neighborhood has an extremely large population of seniors and also those in their late 20s to early 40s.
Turtle Bay was named after the former cove of the East River, whose name was the Dutch word for “knife”. The neighborhood was originally a Dutch farm during the 17th century then later developed in the 19th century with power plants, slaughterhouses, and tenements. However, these structures were torn down in the 1940s and 1950s to make room for the United Nations headquarters. Today, the Turtle Bay neighborhood has multiple missions and consulates to the UN headquarters.
The most expensive listings in 10022 right now:
781 5 Avenue, #18THFLOOR Upper East Side, New York ($55,000,000)
151 East 58 Street, #PH5152W East Midtown, New York ($34,000,000)
Zip code 10013
The last on this list and the 8th wealthiest zip code in NYC is 10013. This zip code includes neighborhoods such as SoHo, Hudson Square, and the northern parts of Tribeca. New Yorkers living in this zip code have an average adjusted gross income of $452,720 and a median household income of $124,396. The median listing home price for SoHo is $2.5 million, for Hudson Square is $2 million, and Tribeca is $3.8 million. This area has a slightly higher than average of young adults and an extremely large number of residents in their late 20s and early 40s.
SoHo and Hudson Square are both neighborhoods located in Lower Manhattan. Hudson Square has the largest concentration of Federalist and Greek Revival style row houses that were built in the early 19th century. It is also home to the Manhattan entrance to the Holland Tunnel. SoHo’s name is short for “South of Houston Street” and known for their artists’ lofts, art galleries, upscale boutiques, and national and international chain store outlets. It also has its fair share of famous residents such as Dakota Fanning, Alicia Keys, John Legend, and Samuel L. Jackson.
The most expensive listings in 10013 right now:
421 Broome Street, #PENTHOUSE Soho, New York ($43,750,000)
565 Broome Street, #PHSOUTH Hudson Square, New York ($42,500,000)
With the real estate marketing coming back, it can be a great time to purchase a home. In fact, if any of these wealthiest zip codes catches your eye, it can be a good time to find your perfect home in these neighborhoods before they’re gone. Localize has many in-depth insights to make your home search easier. We help you get the truth about any listing so you don’t need to worry about unhappy surprises after paying for an expensive NYC apartment.