Internet Access
20% of NYC Households do not have internet access in their homes. Households in Bed Stuy, East Harlem, Jackson Heights, and Stapleton have disproportionately less access to the internet than the rest of the City. In an increasingly technologically dependent world, Internet access is necessary for people to both prepare for the workforce and apply to jobs.
Inadequate Emergency Savings
58% of all New Yorkers have inadequate savings to pay for expenses like food, housing, and rent in an emergency. Kingsbridge Heights, Bushwick, and South Ozone Park have among the highest percentage of residents without adequate savings. Without sufficient emergency savings that cover at least three months’ worth of household expenses, families are at risk of eviction, foreclosure, and damaged credit.
Local Jobs
64% of local jobs pay less than $40,000. Often, this means that residents need to leave their neighborhoods in order to find jobs that pay well. 77% of jobs in Coney Island and 74% of all jobs in Crown Heights pay less than $40,000 a year. Hunts Point has among the highest percentage of jobs paying more than $40,000, but an unemployment rate higher than the rest of the city, which means local jobs aren’t going to local residents.
Mean Travel Time to Work
It takes the average New Yorker 39.5 minutes to get to work. Residents of East Flatbush, Tottenville/Great Kills, and Jamaica/Hollis have among the longest commutes in the city. Long commute times often indicate less economic opportunity within a neighborhood.
Small Business Loans
An average of 5,700 small business loans was made across the city in 2015. The Bronx had by far the lowest number of loans, with an average of 1,095 loans, and the University Heights/Fordham area received just 659. Morningside Heights, Ozone Park/Woodhaven, and Brownsville also received among the lowest number of loans citywide. The number of small business loans in a neighborhood indicates where in the city economic investment is concentrated. Additionally, the lack of loans in pockets of the city can show where small business owners do not have adequate credit to access these resources.