Thursday, November 30, 2006

Nassau County Stats

If you want to check out some interesting stastistics on our county, click here . Here is a hightlight with some thoughts by me below.

Nassau had the nation’s sixth-highest
median household income in 2004 ($78,762),
in part because many residents commute to
New York City for high-paying jobs.

• Personal income was the second-highest in
the State and represented almost 10 percent
of total New York State personal income.
• Nassau’s economy added jobs between 2003
and 2005, but at a slower pace than
surrounding areas. In 2005, total
employment averaged nearly 595,000 jobs.

• The sectors of trade, transportation and
utilities; education and health services; and
professional and business services account
for over half the jobs in Nassau.

• Nassau’s unemployment rate in the first
eight months of 2006 averaged 4 percent,
well below the State’s rate of 4.8 percent.

• In 2005, Nassau County’s average salary of
$46,010 was the third-highest in the State.
Average salaries in Nassau increased by
7.5 percent between 2003 and 2005.

The problem as I see it is that we do not have population growth. On the front page they say

"The population has remained stable, even
though the birth rate exceeds the death rate,
because more people are moving out of
Nassau than are moving in."

Since the costs of services ( police and education for example) are growing but our population is not, taxes have been heading up. With wages rising at a lower pace in the county than out, this presents a problem. While it looks like Demographics have played the major role (elderly moving to Florida), there is also the interesting emigration to Suffolk because Suffolk is further away from NYC than Nassau is.

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