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How Have Things Changed Since the Great Recession?

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A lot has changed since we did our survey on the state of Westchester’s cities in our October 2008 issue. As you’ll recall, we were deep in the throes of the Great Recession by then. With household income down in four of the six cities and skyrocketing rents in all, it seems clear that while we are back on track in some ways, we are far from recovered.

  Population Median Family/Household Income Median Home Sale Price Average* Rent
Towns 2008   2017 2008   2017 2008   2017 2008   2017
Mt. Vernon 71,118   68,458 $62,794   $49,268 $458,202   $365,000 $1,044   $1,747
New Rochelle 72,235    79,637 $81,553   $68,270 $545,500   $650,000 $1117   $2,390
Peekskill 24,601   24,058 $52,645   $51,961 $312,408   $288,297 $808   $1,505
Rye 15,109   16,000 $133,231   $159,422 $1,430,625   $1,675,000 $1,329   $3,051
White Plains 57,081   58,035 $71,891   $81,743 $493,700   $614,383 $879   $3,165
Yonkers 198,871   200,667 $65,076   $61,132 $421,031   $430,000 $963   $2,320

Sources for first three columns: Westchester Magazine October 2008 issue; Westchester Ultimate Guide 2017 issue; census.gov; RentJungle.com.

*Note: Average Rent represents the average of 1-BR, 2-BR, and all beds combined.

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