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Kris
October 21st, 2003, 07:26 PM
Gotham Gazette - http://www.gothamgazette.com/article/demographics/20031021/5/567

Young, Graduated and in New York City

by Andy Beveridge

October 10, 2003

Every year New York City draws young people in pursuit of fame, fortune, excitement and relevance. They are a popular subject for literature, theater, and Gotham Gazette (see Gotham Gazette's newcomers weblogs and issue of the week article). But who exactly are the recent college graduates in the city? Where do they come from? What do they do for a living? What sorts of living arrangements do they have?

It is possible to paint a demographic portrait of younger college graduates in the city and compare them with the rest of the population between 18 and 65. To do this I used a newly released data file from the 2000 census. Of course, the severe downturn in the economy in the past three years may have changed the picture somewhat. Still it is instructive to look at who the young college graduates were in 2000.

About 273,000 New Yorkers were college grads 28 years of age or younger in 2000 who were either not enrolled in a graduate degree program or if they were enrolled were also working full-time. (Defining them this way eliminates those who are primarily pursuing graduate education). About 57 percent were female, compared to 52 percent for the rest of the population 18 to 65. About 59 percent were non-Hispanic whites, 11 percent black, 16 percent Asian and 10 percent Hispanic. So these young grads are much more female, much more white, and much more Asian and much less black and Hispanic than the population at large. About 10 percent lived abroad in 1995, while 45 percent lived in New York City and an equal number moved here from elsewhere. Thus many obtained their college degrees in the New York City's colleges, most particularly, of course, CUNY. About 18 percent were non-citizens compared to 26 percent of the rest of the population.

http://www.gothamgazette.com/demographics/CollegeGrad.jpg

Fully 84 percent of recent graduates were working in 2000, compared to only about 60 percent of the other non-senior adults. Almost two-thirds of college grads (compared to less than one third of the others who are working) were in higher status occupations: management, business and finance, or professional and related occupations. Over half use public transit to get to work (much higher than the third reported by the rest of the population), and the commute took them a median of a half hour. Though the recent college graduates and others in New York City reported 40 median hours worked per week, the recent graduates earned a median of $32,000 per year compared to $26,000 for the others.

As to living arrangements, about one-fifth were married, compared to almost half of the rest of the population. About one-quarter of the recent grads live with their parents, while about one-third lived with roommates. On average the grads lived with 1.66 other persons, while the rest of the adults lived with 2.44. They did pay a lot more to house their smaller households -- $1050 compared to $725 for median rent. This is not surprising, since as the accompanying map shows, the highest concentration of recent grads were in such "hot" areas as Greenwich Village, Chelsea, Lower Manhattan, Williamsburg, Park Slope, and the Upper East Side. One can easily see that they are very oriented towards Manhattan, especially Manhattan downtown.

Thus the young college graduates such as those depicted in the Broadway puppet musical Avenue Q, when compared to New Yorkers at large are quite privileged. Many work in good jobs and earn decent livings. They flock to the more fashionable residential areas in the city and are able to pay the rents to live there. They renew the ranks of the "creative class" recently identified by Professor Richard Florida as very important for urban growth. So though it may be a frightening and difficult prospect for these quarter million new recruits to New York City adulthood, it seems that the city is good place to be young, and it is good for the city that they are here.

Andrew A. Beveridge (http://www.socialexplorer.com/Andrew_Beveridge.htm) has taught sociology at Queens College since 1981, done demographic analyses for the New York Times since 1993, and provides expert testimony on a range of cases, including housing discrimination. The opinions expressed are his alone.

Kris
June 9th, 2004, 10:24 AM
Recent College Graduates Struggle to Make It in NYC (http://www.villagevoice.com/issues/0423/kamenetz.php)

Kris
June 19th, 2004, 11:05 AM
June 20, 2004

FOR RENT

For Graduates, the Freebies Disappear

By NADINE BROZAN

THE annual migration of newly minted college graduates to New York City has begun, with the class of '04 arriving with jobs but in need of apartments. This year, they are learning something that probably isn't taught in classrooms at Wharton or Indiana: that incentives used to lure their older siblings or friends just a few months ago may no longer be available, and that they probably will have to pay more than their friends who have already settled in.

"There is a disconnect in what we see in the current apartment seekers whose friends entered the marketplace a year or even six months ago," said Gary L. Malin, chief operating officer of Citi Habitats. "They expect that they can negotiate everything they want, get rents down and get some rent free. They will say, `But a year ago my friend got that.' "

But with a strengthening economy and a growing demand for rental units, many landlords have eliminated the month or two of free rents they had been giving. Similarly, they have stopped paying the brokers' fees.

Last year, there was a dearth of new graduates in the apartment market because there were so few jobs to be had. "This year, major corporations are recruiting many more first-year associates than in previous years," said Douglas Wagner, president of Benjamin James Real Estate. "We do have a more stable economy, requiring a greater work force, which has finally worked its way down to the first-year research analysts, investment bankers and management consultants being invited to come to work."

For young people who are willing to share, large apartments can work out to be cheaper than studios.

"If a studio in a new doorman building is $54 a square foot per year and the typical studio is 415 square feet, that works out to $1,870 a month," Mr. Wagner said.

"Generally you need $75,000 a year to qualify," he said, referring to the standard requirement that income be at least 40 times the monthly rent. "But starting salaries are not all that high, so if you get two people, who between them earn $160,000, they qualify for a $4,000 two-bedroom in a doorman building. Then they often end up recruiting a third roommate who pitches a wall in the living room."

Adding a wall is what Leah Zamkow, Marcy Saranik and Stacey Wiener, who graduated from Indiana University, planned to do when they moved into their two-bedroom unit on East 44th Street on June 10.

Their goal had been to find three bedrooms in Murray Hill. "Anything we liked was taken even before we saw it," Ms. Zamkow said. "We finally saw a two-bedroom we liked and the broker suggested we add a wall to cut the living room in half. We thought it would be too small, but she showed us an identical apartment where that had been done and it looked fine."

The rent was $3,675. "For what we are getting, it is reasonable," she said. "But this has not been fun at all. It's been like having two full-time jobs."

Still, there is no shortage of people who want to make a clean break with dormitory living, and Sean Oakes, a sales associate with Halstead/Feathered Nest, said there are reasonably priced studios to be had for those willing to move fast.

"I have noticed backup application upon backup application for studios," he said. "I have one client, a Boston College graduate, who liked a walk-up on East 34th Street. It was gone before we could even start the application. Then we saw another studio he liked on East 51st Street, called immediately and again found two applications ahead of ours. So as leverage we offered just a bit more than the asking price: $1,250, which got us the apartment."

Benjamin N and Charles Glass, new graduates from Columbia Law School, began looking in April for what Mr. N called "a real two-bedroom downtown."

"We wanted an adult apartment, and everything we saw was too kid-y," he said. After a few days of looking with brokers, they saw a three-bedroom with two decks in the meatpacking district.

Learning that other prospective tenants had tried to negotiate below the asking rent, $3,750, they agreed to pay it in full. "Then the broker spoke to the leasing agent, who told her, `The landlord is leaning to other people, but you could sweeten the deal if you raise that.' There was silence for a day or two and then we got the news that the rent had gone to $4,000."

They acquiesced and moved in on June 1. "This is definitely a high-pressure game," Mr. N said. "It just makes you want to buy an apartment."

Copyright 2004 The New York Times Company

Ninjahedge
June 21st, 2004, 01:20 PM
"starting salaries are not all that high, so if you get two people, who between them earn $160,000"


Ummmm, what jobs are they doing for starting salaries like that.....?

JMGarcia
June 21st, 2004, 03:19 PM
Prostitution? ;)

pianoman11686
July 4th, 2006, 08:11 PM
July 2006

Tapping that rental wellspring of college graduates

Brokers head to university campuses to drum up business; partner with investment banks

By Vanessa Londono

Before the college graduates come to the city, rental firms go to the college graduates. Companies like Urban Hostess and Citi Habitats visited campuses this past spring -- to prepare them for a rental market with a super-tight sub-0.50 percent vacancy rate in Manhattan.

"College graduates really know nothing about the market and frequently get taken advantage of," said Jeremy Abelson, president of Urban Hostess, who estimated around 20,000 graduates come to New York City every year.

Urban Hostess opened in April 2005 to serve as a middleman between Manhattan's brokerage firms and young professionals entering a market with few options and high prices, and currently has about 10 staff members.

"We're reaching college graduates through their own resources, using word of mouth rather than newspapers," Abelson said. "It carries a thousand times the weight of an advertisement."

Utilizing a grassroots approach, Urban Hostess spent as much time in the offices of career development as in the parties held by the company's college-based interns, who received college credit through their offices of career services. Urban Hostess held promotional events at Michigan, Harvard, Penn State and Syracuse among other colleges and universities across the country.

"We are trying to integrate into the fabric of college life," Abelson said.

Citi Habitats' program involving outreach to college campuses began this year, said Cullen Hilkene, who started the program and visited about 10 campuses along the East Coast this spring.

"We've got a lot of kids at the universities feeding into New York," Hilkene said.


In addition to going to college campuses, both Urban Hostess and Citi Habitats are establishing relationships with Fortune 500 companies, including JP Morgan, UBS and Deutsche Bank, to handle new recruits.

JP Morgan, who hires 500 graduates every year, relies on Urban Hostess to walk their recruits through the renting process, as does PricewaterhouseCoopers. Urban Hostess is also trying to branch out of the financial community, and is in the final stages of a similar contract with Disney and has a deal with WPP Group, the advertising and communications company.

In exchange for discount broker fees, Urban Hostess created a private co-branded relocation Web site for the new hires at JP Morgan and other firms, providing an apartment listing guide to prices and neighborhoods as well as a roommate connection service. JP Morgan recruits opting to use the service (they aren't required to) have exceeded expectations, with 50 percent participating, said Abelson.

"We've seen nothing short of a tremendously positive response," Abelson said.

New college graduates recruited at investment firms, law firms and consulting companies connected with Citi Habitats can be matched up through the firm's corporate relocation program, which began five years ago.

The program gives the brokerage additional insight into what new college graduates are looking for in their first rental, said Hilkene.

He said many college graduates want to continue the community lifestyle of college when they move to New York. But that can be a challenge.

"The dorm environment doesn't exist in New York and finding a loft that will accept a large group of professionals doesn't happen very often," Hilkene said.

Many times, brokerages will divide large groups and find them apartments of two or three people on the same floor or in the same building.

Money-strapped graduates often have to face the reality of not being able to live in their choice of neighborhood in a market where high rents are no match for their entry-level salaries.

"They are exploring neighborhoods they didn't think of before," Hilkene said. "The Financial District is very popular among young professionals who work in that area and can get a lot of bang for the buck."


Of course, having a roommate saves money. In addition, Manhattan Apartments' manager, Adjina Dekidjiev, said graduates with a co-signer or an extra month of security have better chances of landing the apartment they want.

The majority of college students rely primarily on the Internet, followed by recommendations from family and friends, to find city rentals.

With the growing attention on their specific needs, these graduates are realizing that finding a place to live in the city is not impossible, Abelson maintains." We are resonating with them," he said.

Copyright © 2003-2005 The Real Deal.

slovakchlop
July 5th, 2006, 06:29 AM
Heck, I got my apartment on West 14th for $1300 a month and I am a tug deckhand..... just a matter of how wisely you save for it

Kris
July 13th, 2006, 04:28 AM
July 13, 2006
Out of College, but Now Living in Urban Dorms
By JANNY SCOTT

Kelly Frances Cook is an editorial assistant, Ivy League graduate, aspiring writer — the kind of new arrival who has long been important to the life of New York City. Young, educated and hailing from elsewhere, newcomers like Ms. Cook have historically stoked the city’s intellectual and creative fires. But, these days, how do they afford a place to live?

Ms. Cook, age 24 and from Ohio, at first could afford only a rented room in Dobbs Ferry, N.Y., for $650 a month. Then she embarked on the archetypal, hair-raising New York City apartment search: feckless would-be roommates, outlandish financial demands, an offer of a room in a building with a bullet-pocked lobby.

Then she saw an ad on Craigslist for space in a 60-unit building in Harlem described as full of young professionals. The price was right; the woman on the phone was friendly. Back in Ohio, Ms. Cook’s mother had begun to think like a New Yorker: “Yeah, right, Kelly. She’s probably some mass murderer. I don’t trust her. She’s too nice.”

This month, Ms. Cook is moving in. The woman on the phone, Karen Falcon (not a mass murderer), calls the building “a dorm for adults.” It is a community of the overeducated and underpaid.

There is nothing new about having roommates in New York City. What Ms. Falcon has invented is a full-service dorm, full of strangers she has brought together to share big apartments as a way to keep housing costs down. Her approach is a homegrown response to the soaring rents bedeviling desirable cities like New York, San Francisco and Los Angeles.

Ms. Falcon, an informal agent for the building’s owner, says she has placed nearly 150 young people there and in two other buildings in the neighborhood in recent years. A gregarious Californian with rainbow-colored braids, she pieces together roommate groups like puzzles. Each tenant ends up paying $700 to $1,200 a month.

Ms. Falcon says she screens for a combination of good credit ratings and “sweetness,” looking for people who are respectful, considerate and easygoing (and perhaps have a co-signer).

She mixes genders; all-female groups bring too much high drama, all-male groups make too much of a mess. She has matched Ph.D.’s with Ph.D.’s. If the combination is a disaster, she will arrange for a swap. Anyone can leave before the lease is up as long as Ms. Falcon can find a replacement.

She says the tenants she has placed in the three buildings have included chefs, actors, writers, people in publishing, a woman in public relations, a production manager, an accountant, a paralegal, a program officer for a foundation. There have also been plenty of graduate students and students from abroad.

“Our neighborhood is one of the last neighborhoods left in New York where you have these big old Beaux-Arts buildings, built for wealthy families,” Ms. Falcon said, referring to the stretch of Harlem from 145th to 155th Streets near the Hudson River. She said groups of adults, each contributing, pay rents that families cannot or choose not to pay.

New York City has long been a magnet for the young, well educated and ambitious. According to a report published by the Census Bureau in 2003, nearly 132,500 young, single, college-educated people poured into the New York metropolitan area between 1995 and 2000, more than into any other metropolitan area in the United States.

“Sometimes we underestimate how important that is in generating the city’s creativity,” said Frank Braconi, chief economist for the city comptroller’s office. “To the degree that housing costs become a barrier to that group, it can in the long run sap us of that creative potential that we would otherwise have.”

Brad Lander, director of the Pratt Center for Community Development, a nonprofit group, said young professionals get less attention than other financially struggling groups because they are more mobile and have options. Though they, too, are wrestling with the city’s shortage of lower-cost housing, they are seen as harbingers of gentrification.

Mr. Lander said a well-known strategy among landlords of buildings with rents regulated by the city is to seek out tenants who they imagine will not stay long, because they can often increase the rent when a tenant leaves. “Students as well as professionals,” he said. “Plenty of landlords find this group an attractive set of folks to rent to, believing they’ll be out in a couple of years.”

Marieke Bianchi, 23, a junior account executive at a public relations firm in the Flatiron district, moved to New York from St. Louis last year after graduating from college. She started out on a friend’s couch, then sublet for six weeks in Hell’s Kitchen, where she had to move a giant exercise bike to get into bed.

“I can’t believe it, a grown woman in a trundle bed,” she said with humorous disgust.

Ms. Bianchi, earning $25,000 a year at the time, found one of Ms. Falcon’s ads. Now she lives in a large room in a four-bedroom duplex apartment in a brownstone in Harlem. Her roommates are a bartender, a woman in information technology, an art historian, two dogs and two cats. Her rent is $900 a month.

Adult dorm living is not without its complexities.

Ms. Bianchi feels she should check first before inviting friends into the backyard, since they have to pass through another roommate’s space. And when one of her roommates brings anyone home for the night, Ms. Bianchi invariably knows. “It’s that level of intimacy from Day 1,” she said.

Like Ms. Bianchi, others ponder their next move.

Wil Fenn, a 29-year-old program officer for a foundation, has been trying since college to save money to buy a home. He lived in Westchester County for six years, in order to pay less rent. Then, last year, he became bored and decided to move into Manhattan. He, too, happened upon one of Ms. Falcon’s ads.

Now Mr. Fenn pays $850 a month for a large room in a four-bedroom apartment in what he describes as a beautiful building with exposed brick walls, mosaic tiles in the lobby and a garden on the roof. His roommates include a New York City teaching fellow, a chef and a German student studying in the United States on a Fulbright scholarship.

Ms. Falcon first placed Mr. Fenn in a two-bedroom apartment with a woman who he said worked for a large bond firm. One night, Mr. Fenn said, she had a fit after he left his mail on top of the microwave oven. It was downhill from there. So, at his request, Ms. Falcon moved him down to the four-bedroom apartment on the second floor.

“Everyone talks about free-market solutions,” he said, speaking of the city’s shortage of lower-priced housing. “But the solution now is the rich get richer and for everyone else it’s the equivalent of being a sharecropper in the city. I’ve been working five or six years now, trying to save up and buy something. Every time I get closer, the goal moves farther away.”

Asked how adult-dorm life differed from college-dorm life, Mr. Fenn said: “You’re not really at the same place where you were psychologically. Now, for me, I’m kind of wondering: When does this end? When do I get to be able to buy a place and settle down?”

Copyright 2006 The New York Times Company

krulltime
July 14th, 2006, 12:37 AM
For Freshmen Headed Out of State, New York Is Top Choice


By SAM ROBERTS
Published: July 14, 2006

Buoyed by declining crime and images of a dazzling lifestyle, New York State has emerged as the top destination for freshmen leaving their home states to attend college.

“New York has become very hot,” said Abraham H. Lackman, a veteran of city and state government and now the president of the Commission on Independent Colleges and Universities of New York.

Crime is less of an issue, he said. “A second factor is, you had a number of popular TV shows that glamorized New York City: ‘Seinfeld’ and ‘Sex and the City.’ ”

New York’s popularity as a destination for freshmen has also spread to Long Island and upstate and has been abetted by the construction of new dormitories, Mr. Lackman said. Enrollment in all the state’s private colleges and universities has increased to about 460,000 from 390,000 in 1990, he said.

But an analysis by Warren A. Brown, a demographer at Cornell’s Institute for Social and Economic Research, found that upstate has been hemorrhaging people age 25 to 34. Downstate generally draws huge numbers of young adults, but begins to lose them when they reach their late 30’s.

“In the last decade New York has become the best state in attracting the best and the brightest,” he said. “The evidence is, we are failing in keeping them here.”

Mr. Lackman and John Sexton, the president of New York University, have enlisted foundations and public officials, including Senator Hillary Rodham Clinton, in an effort to promote higher education as a vehicle for economic development and then to develop government incentives. Plans include forging links between technology-based companies and colleges and forgiving college loans for students who remain in New York for a specified time.

This year, the Legislature enacted a new program that would, in effect, transform loans to college science and math majors into scholarships if the students agreed to teach in a middle school or high school in New York State for five years.

Upstate, where the number of factory jobs has plummeted, private universities have become among the largest employers — the biggest in Rochester and Syracuse — and higher education is being promoted as the cornerstone on which to build a “knowledge economy.”

In 1992, New York was about even with Massachusetts and Pennsylvania in attracting freshmen — about 21,000 — from out of state to degree-granting institutions. According to the most recent federal data, New York ranked first in 2004, with more than 36,000, ahead of Pennsylvania, California, Florida and Massachusetts. Between 1992 and 2004, New York registered the biggest increase in out-of-state freshmen of any state except Florida.

In 1992, after subtracting New Yorkers who attend school elsewhere, the state recorded a net loss of 3,000 students. In 2004 New York recorded a net gain of nearly 4,000 students, although it trailed Florida, which had a net gain of more than 17,000, and a number of other states.

While more students attend institutions of higher learning in New York than in any other city, a number of smaller cities, such as Boston, have more students per capita.

In a report for Mr. Lackman’s commission, the Center for Governmental Research, a nonpartisan group, concluded last week: “While acknowledged as a critical part of the state’s cultural and intellectual heritage, colleges and universities have not traditionally been considered engines of the economy. That perspective has changed.”

Dr. Sexton said his own “aha moment” was a conference in New York City on the eyesight of houseflies, a seemingly arcane topic that nonetheless drew several hundred scientists.

“Suddenly you see something that’s been there all along,” he said.

Dr. Sexton said he had been approached by Singapore and Middle Eastern nations with offers to build satellite campuses for N.Y.U.

“They are trying to position themselves as idea magnets,” he said. “If Singapore can do that, why can’t you do that upstate? We’ll be able to do it far more easily than the Singapores of this world.”

With technology making jobs in finance and insurance — which, with real estate, constitute the so-called FIRE engine of New York’s downstate economy — more fragile, attention has been generated in a largely untapped sector: intellectual, cultural and educational, which Dr. Sexton has dubbed ICE.

“Our distinctive set of intellectual, cultural and educational assets,” Dr. Sexton and Mr. Lackman wrote last year in The New York Observer, “draw people to New York, and have the power to anchor talented workers and creative jobs.”

The commission study found that “private sector ICE employment grew by 16 percent from 1990 to 2005, while the rest of the economy remained stagnant.”

Mr. Lackman said, “Higher education has been the strongest component of New York’s economy.”

“By the mid-1990’s there was a growing awareness that the global economy was a marketplace of ideas,” he said. “Colleges and universities are where ideas are born and nurtured.”

The commission study estimates that the state’s private institutions of higher learning pump about $21 billion directly into the state’s economy directly, more than half of that from institutions in New York City.


Copyright 2006 The New York Times Company

MikeW
July 14th, 2006, 11:19 AM
What are they paying baby financial analysts nowadays?


"starting salaries are not all that high, so if you get two people, who between them earn $160,000"


Ummmm, what jobs are they doing for starting salaries like that.....?

MikeW
July 14th, 2006, 11:20 AM
That actually sounds like an interesting job :)


Heck, I got my apartment on West 14th for $1300 a month and I am a tug deckhand..... just a matter of how wisely you save for it

slovakchlop
July 25th, 2006, 09:25 PM
It can be fun and it can be stressful... keeps me out of traffic at least :)

krulltime
August 17th, 2006, 01:03 PM
New York Area Is a Magnet for Graduates
These days, it seems, you need a college degree just to live in or around New York City.


By PATRICK McGEEHAN
August 16, 2006

Almost 5 million people over the age of 25 in the New York metropolitan area — more than a third of the region’s population — had at least a bachelor’s degree in 2005, according to the latest data from the Census Bureau. In Manhattan, nearly three out of five residents were college graduates and one out of four had advanced degrees, forming one of the highest concentrations of highly educated people in any American city.

The degree-holders are rapidly displacing the dropouts, a trend that may help reduce the demand for social services and drive down crime rates. But the trend also worries some sociologists who say it is evidence that lower-income residents are being pushed out.

Between 2000 and 2005, the number of people in the metropolitan area over 25 who had not finished high school declined by 520,000, a drop of almost 20 percent. During the same period, the number of college graduates in the region rose by almost 700,000.

“These numbers are startling,” said Andrew A. Beveridge, a demographer at Queens College of the City University of New York. “It means the labor force in New York is becoming much more educated.”

Mr. Beveridge said the statistics also portended that the next set of census numbers, which are due in two weeks, will reveal a widening gap between rich and poor in the city. “If a big chunk of the labor force has become more educated, we can expect even more income inequality,” he said.

Pedro A. Noguera, a sociologist at New York University and the director of the Metropolitan Center for Urban Education, said many New Yorkers would see the growing ranks of college graduates among them as a positive development that could ease the burdens on city services and lead to a lower crime rate.

“But unfortunately, it’s more likely to mean that it’s increasingly difficult for poor people without college degrees,” he said. “Affordable housing is not as available. The people who make the city work, who do the hard work in the city — the waiters and janitors — are not going to be able to live in the city.”

Mr. Noguera said the trend was not confined to New York. “Certain cities have become extremely attractive to affluent people,” he said, citing San Francisco and Seattle as others.

But according to the latest data, which comes from the 2005 American Community Survey, college graduates are flocking to New York City at a faster pace.

Many of the city’s new arrivals, including immigrants, have college educations, Mr. Beveridge said. And many of the residents who have died or retired and moved away had never finished high school, he said.

The rise in the ranks of the college-educated in the city is a blend of college graduates moving in to take high-paying jobs and residents obtaining degrees, said Joseph Salvo, director of the population division of the Department of City Planning. He noted that enrollment at the City University of New York had increased to 218,000 students in 2004, up about 12 percent from 2000.

From 2000 to 2005, the number of New York City residents with at least a bachelor’s degree increased by about 285,000, a gain equal to the total number of college-educated people in San Francisco. During that period, the share of New Yorkers with a college degree rose to 32.2 percent from 26 percent, ranking New York fourth among the biggest American cities.

All parts of New York City became more educated, but Manhattan and Brooklyn stood out. In Manhattan, more than 57 percent of all residents had at least a bachelor’s degree, up from 50 percent in 2000.

That concentration ranked Manhattan first among counties with more than 1 million residents and seventh among all counties.

Brooklyn is becoming educated even faster. Since 2000, the number of college graduates there has risen by about 80,000, or 24 percent, while residents without a high-school diploma have declined by about 110,000, a 24 percent decline.

Marty Markowitz, the Brooklyn borough president, said that Brooklyn was seeing immigrants and young professionals flood in and that a home there “is becoming less attainable for people that don’t have their college degree or more.”

He cited the continuing loss of manufacturing jobs and the shortage of affordable housing in the borough as factors fueling the change.

“We need those jobs too,” he said. “There will always be those who for whatever reason cannot attain high school or college education. There has to be room for them, too.”

But Mr. Markowitz also attributed the changes in Brooklyn to a wave of Chinese immigrants for whom “education is the center of their lives” and “an influx of residents from Manhattan and from across the country where Brooklyn is considered chic.”

New arrivals with college degrees say the city has become a more attractive place to start careers.

Jennifer Becker, 26, lived in Virginia after graduating from the University of Virginia, but moved to Manhattan last year when her husband, Christian, joined a law firm in the city.

“Part of it was just to be in the big city,” said Ms. Becker, the executive director of the university’s alumni club in New York. “I think people tend to come here for a few years and then move somewhere else.”

From the University of Virginia, for example, about 120 graduates head to New York to live each spring, up from about 75 just five years ago, said Carol Wood, assistant vice president for university relations. “We’re definitely seeing a lot of young grads come up here for jobs right after school,” Ms. Becker said.


Copyright 2006 The New York Times Company

krulltime
August 17th, 2006, 01:04 PM
http://graphics8.nytimes.com/images/2006/08/16/nyregion/17degrees_gr.gif

Ninjahedge
August 17th, 2006, 02:08 PM
Um...

DUH!

(Ironic, eh?)