NYU Furman Report Tracks Lower East Side Gentrification | The Lo-Down : News from the Lower East Side
The NYU Furman Center this week released its annual report, The State of New York City’s Housing and Neighborhoods. As usual, there are some interesting takeaways in the section of the report focused on the Lower East Side. The Furman Center breaks down housing and demographic data in each community district. Here's a snapshot of CD3, which includes the East Village, the Lower East Side and most of Chinatown: --The neighborhood's Hispanic population fell from 27% in the year 2000 to just under 23% today -- while the white population ticked up from 28 to 31%. The Asian population rose slightly to 36%. --The impacts of gentrification are clearly evident. The share of the population with household incomes $100,000-$250,000 went up from 14% to 20% in the past two decades. Meanwhile, there are fewer residents with household incomes in the $40,000 to $60,000 bracket (11.6% in the past few years as opposed to 17% in 2000). The share of low-income households (below $40,000/year) stayed fairly