Manhattan’s Poverty Rate Drops

Poverty rates in New York City have declined by around 0.7 percentage points from 2006 to 2007, according to the American Community Survey released yesterday by the Census Bureau. It seems that the city’s poverty rate, which dropped from 19.2 percent in 2006 to 18.5 percent in 2007, is following the downward trend in national poverty numbers, which dropped from 13.3 percent in 2006 to 13 percent in 2007.

Poverty rates also declined in Manhattan, falling from 18.3 percent in 2006 to 17.6 in 2007, perhaps indicative of widespread gentrification and a then-healthy local economy. However, all is not well on Manhattan Island, as the borough’s children’s poverty rate increased to 27.5 percent (up from 27.1 percent in 2006), bucking the downward trend in the city’s overall children’s poverty rate, which fell 0.9 percentage points from 2006 to 2007.

More on the ACS can be found here (pdf).