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CENSUS TRACT

Census Tract 703

New York · Queens County · 2,324 residents · 0.093 sq mi
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1142.021168117411801182.02118411881198281424283240.014250869498102118703
TRACT SHAPE · Queens County, NY
The short version

Census Tract 703 is wealthier than most US places, with a median household income of $106,250. Population has held roughly steady since 2020. 53% of adults hold a bachelor's degree or higher, well above the national rate of 36%. Median home value is $829,500. With a median age of 49.0, the population is older than the US median of 38.9.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 49.0
US median: 38.9
More educated
53% hold a bachelor's degree
US average: 36%
More affordable
home values down 13%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,324
+9%since 2020
from 2,129 in 2020
2020 – 2024
Population density
24,989 / sq mi
+9%since 2020
from 22,892 / sq mi in 2020
US average: 281
Median age
49.0
+12%since 2020
from 43.9 in 2020
US average: 38.9
Population, 20202024
2K2K2K2K2K20202024Census Tract 703
20242K
20202024
Section 02

Income & economy

Median household income
$106,250
+6%inflation adjusted, since 2020
from $82,500 in 2020
US average: $82,259
2020 – 2024
Per capita income
$72,555
+20%since 2020
from $60,288 in 2020
US average: $44,673
Households earning $100K+
64.6%
+9.7 ptssince 2020
from 54.9% in 2020
US average: 53.3%
Poverty rate
8.0%
+2.4 ptssince 2020
from 5.5% in 2020
US average: 12.5%
Income inequality (Gini)
0.549
−2%since 2020
from 0.559 in 2020
US average: 0.476
Workforce by industry, 2024
Wholesale trade12.3%
US avg: 6.9%
Information12.3%
US avg: 10.8%
Other services7.6%
US avg: 6.7%
Transportation & warehousing6.8%
US avg: 2.2%
Public administration5.5%
US avg: 4.8%
Finance & insurance4.7%
US avg: 5.9%
Professional, scientific, technical4.7%
US avg: 5.1%
Retail trade3.2%
US avg: 9.9%
Arts, entertainment, food1.3%
US avg: 1.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Education & health services0%
US avg: 0.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$829,500
−13%inflation adjusted, since 2020
from $782,500 in 2020
US average: $376,019
2020 – 2024
Median gross rent
$1,755
−10%inflation adjusted, since 2020
from $1,600 in 2020
US average: $1,442
Owner-occupied
63.2%
−6.1 ptssince 2020
from 69.3% in 2020
36.8% rent
Vacancy rate
11.3%
+1.4 ptssince 2020
from 9.9% in 2020
US average: 10.0%
Owner cost-burdened
40.9%
−5.1 ptssince 2020
from 46.0% in 2020
US average: 22.9%
Renter cost-burdened
24.3%
−9.2 ptssince 2020
from 33.6% in 2020
US average: 47.4%
Afford Score
7.8
−18%since 2020
from 9.5 in 2020
2020 – 2024
RELATED:See current rent listings in Census Tract 703 on RentDataNow
Section 04

Race & ethnicity

2020
White, non-Hispanic35.1%(747)
Black2.2%(47)
Hispanic / Latino23.5%(501)
Asian35%(745)
Other4.2%(89)
Diversity Score87.1%(1,854)
2024
White, non-Hispanic31.8%(739)
Black0.3%(7)
Hispanic / Latino28.7%(666)
Asian26.5%(615)
Other12.8%(297)
Diversity Score91.3%(2,122)
Diversity Score
91
+5%since 2020
from 87 in 2020
2020 – 2024
Section 05

Education

Bachelor's degree or higher
52.7%
+12.3 ptssince 2020
from 40.4% in 2020
US average: 35.6%
High school or higher
86.3%
−2.0 ptssince 2020
from 88.3% in 2020
US average: 89.6%
Graduate degree
22.3%
+4.9 ptssince 2020
from 17.4% in 2020
US average: 14.0%
Section 06

Commute & transportation

Average commute
49.7 min
+3%since 2020
from 48.3 min in 2020
US average: 26.5
Drive alone to work
35.2%
+8.4 ptssince 2020
from 26.8% in 2020
US average: 68.9%
Carpooled to work
1.2%
−3.1 ptssince 2020
from 4.3% in 2020
US average: 8.5%
Public transit
33.8%
−17.7 ptssince 2020
from 51.5% in 2020
US average: 3.2%
Worked from home
27.8%
+19.8 ptssince 2020
from 8.0% in 2020
US average: 15.0%
Walked to work
1.5%
−6.2 ptssince 2020
from 7.7% in 2020
US average: 2.4%
Biked to work
0.4%
+0.4 ptssince 2020
from 0.0% in 2020
US average: 0.4%
No vehicle available
24.4%
+6.6 ptssince 2020
from 17.9% in 2020
US average: 8.3%
Section 07

Work & employment

Unemployment rate
1.0%
−2.4 ptssince 2020
from 3.4% in 2020
US average: 5.2%
Labor force participation
53.4%
−7.2 ptssince 2020
from 60.6% in 2020
US average: 63.5%
Self-employed
11.0%
−5.9 ptssince 2020
from 16.9% in 2020
US average: 13.1%
Management & professional
47.6%
−0.1 ptssince 2020
from 47.7% in 2020
US average: 42.5%
Section 08

People & community

Male
42.8%
+1.9 ptssince 2020
from 40.9% in 2020
Female
57.2%
−1.9 ptssince 2020
from 59.1% in 2020
Foreign born
55.9%
+10.5 ptssince 2020
from 45.4% in 2020
US average: 14.1%
Veterans
0.3%
−2.1 ptssince 2020
from 2.3% in 2020
US average: 6.2%
With a disability
7.5%
−1.1 ptssince 2020
from 8.6% in 2020
US average: 13.3%
Uninsured
2.0%
−2.3 ptssince 2020
from 4.3% in 2020
US average: 8.4%
Broadband at home
94.3%
+10.3 ptssince 2020
from 84.0% in 2020
US average: 91.0%
English only at home
27.5%
−7.8 ptssince 2020
from 35.3% in 2020
US average: 77.7%
Spanish at home
24.7%
+4.2 ptssince 2020
from 20.5% in 2020
US average: 13.6%
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Frequently asked

How many people live in this census tract?

this census tract has about 2,324 residents according to the 2024 American Community Survey.

What is the median household income in this census tract?

The typical household in this census tract earns about $106,250 a year. Half of households make more than that, and half make less.

Is this census tract expensive?

In this census tract, the median home is worth about $829,500, and the typical rent is about $1,755 a month.

How educated are people in this census tract?

About 52.7% of adults age 25 and over in this census tract hold a bachelor's degree or higher.

What is the poverty rate in this census tract?

About 8.0% of people in this census tract live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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