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Bank on it: haves and have-nots.

Statistics indicate that the more comfortable have gotten a little richer and the poor rather poorer in Bushwick during the Bloomberg era. According to data from the IRS, the average adjusted gross income of the poorest people in ZIP code 11237--the 5,000 or so households reporting income of less than $10,000--dropped 18 percent from 2001 to 2006 (the most recent year for which data are available). The average income of those making more than $50,000, however, rose from $69,000 to $74,000. Households in the middle saw little change in their fortunes.

CHANGES IN 11237'S INCOME BY INCOME GROUP, 2001-2006

              Annual Household Income

Income under           $10,000
Income              $10-25,000
Income              $25-50,000
Income over            $50,000

Note: Table made from bar graph.

Source: IRS

Deposits at bank branches in 11237 have increased since 2001, from about $152 million to $167 million in 2008. But while 11237 residents can obviousl keep their money at branches outside the district, north Bushwick still ranks as one of the least capitalized ZIP codes in Brooklyn.--JM

DEPOSITS IN SELECTED BROOKLYN ZIP CODES, 2009

AMOUNTS IN MILLIONS

Fort Hamilton     11209
Midwood           11230
Greenpoint        11222
Prospect Park S.  11226
Gravesend         11223
Dyker Heights     11228
Carroll Gardens   11231
Canarsie          11236
City Line         11208
Fort Greene       11205
Bushwick          11237
East New York     11239

Note: Table made from bar graph.

Source: FDIC
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Title Annotation:Bushwick, New York household income report
Publication:City Limits Investigates
Article Type:Brief article
Geographic Code:1U2NY
Date:Sep 22, 2009
Words:228
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