Poverty In NYC Has Continued To Rise For 3rd Year In A Row, New Report Finds

NEW YORK CITY — More than one and four New Yorkers lived in poverty in 2024, according to a new report by Robin Hood and Columbia University.

The Poverty Tracker report found that the poverty rate in New York City has increased for the third year in a row — with a record high 2.2 million New Yorkers living in poverty making up 26 percent of the population.

The New York City poverty rate in 2024 was twice the national rate - 13 percent, according to the report.

In addition, more than 50 percent could not buy food, see a doctor or pay utility bills due to high costs.

SNAP benefits lift about 1 in 10 10 recipients in New York City above the poverty line but more than 60 percent of recipients run out of food before the end of the month.

The tracker defines poverty line for a family four living in rental housing earning $50,283 a year.

Asian and Latino New Yorkers were more than twice as likely to live in poverty in 2024 than white New Yorkers (30% and 33% vs. 14%), according to the report.

Black residents also saw similar rates at 27 percent.

According to the report, due to federal cuts, about 70,000 people each year are expected to slip into poverty in the city.

The city's highest poverty rates remain in the Bronx. In 2024, nearly 450,000 children were living in poverty.

You can read the full report here.