Page 9 - Westchester County - 2018 Economic Development Guide

WESTCHESTER
STATS
LAY OF THE LAND 450 square miles
Long Island Sound and Connecticut to the east and the Hudson River to the west.
Diverse population residing in 45 municipalities New York City to the south. Putnam County to
the north.
Almost 46,000 acres of publicly accessible open space including New York State, County, and local park land, and watershed land.
A HIGHLY-EDUCATED POPULATION Population estimate is 972,396
Total # of households is 341,866 Male/Female - 48%/52% (2014 ACS)
47% have a Bachelor’s degree or higher
#1 most educated county in the United States
AGE
Median age: 40.3
The under 21 population increased from 663,942 to 686,994 between 2000 and 2010.
The senior population over 65 increased from 128,964 to 139,122 between 2000 and 2010.
ABOVE-AVERAGE INCOME LEVELS
Median household income for Westchester is $83,958; for NYS it is $59,269
Median family income in Westchester $108,108, in New York State it’s $71,913 and in the U.S. it’s $66,011 (2015 ACS)
GAINFULLY EMPLOYED
In January 2017, the New York State Department of Labor announced that the unemployment rate in Westchester County remained at 4.0%, the lowest since December 2006.
THRIVING URBAN CENTERS
Between 2000 and 2010, the population of White Plains grew by 7%, New Rochelle by 7%, Peekskill by 5%, Ossining by 4%, and Port Chester by 4%
VIBRANT DOWNTOWNS
54 downtowns in 45 municipalities.
Transit-oriented development increases walkable environments for easy access to shopping, entertainment and employment opportunities.
Most are served by either Metro North railroad or Bee Line bus service. Served by 3 metro north train lines and 65 bus routes
The downtowns provide a variety of housing types, densities and affordability for range of ages and incomes. (Westchester 2025)
WESTCHESTER COUNTY ECONOMIC DEVELOPMENT GUIDE 7