This section shows the Sands Point New York economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Sands Point depicts it has a Median earnings of $174,500 which is the largest of all places in the local area. Comparing median earnings per worker to the United States average of $53,269, Sands Point is approximately 3.3 times bigger. Also, measured against the state of New York, median earnings per worker of $60,620, Sands Point is approximately 2.9 times bigger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $250,001 which is is the uppermost of the places in the greater Sands Point region. Comparing median household income to the United States average of $69,021, Sands Point is approximately 3.6 times bigger. Also, compared with the state of New York, median household income of $75,157, Sands Point is approximately 3.3 times bigger.
The next section examines a variety of different income statistics for the Sands Point metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 12.0% of the total. Second, it has the smallest proportion of earnings between $20,000 and $49,999 at 9.3% of the total. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 6.9% of the total. Also, it has the largest proportion of earnings between $75,000 and $99,999 at 55.1% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $79.15 which is the highest of all places in the greater Sands Point region. Comparing average hourly earnings to the United States average of $26.40, Sands Point is approximately 3.0 times bigger. Also, measured against the state of New York, average hourly earnings of $30.52, Sands Point is approximately 2.6 times bigger.
Figure 5 examines the number of self employed people in the Sands Point metro area based on the number of people who reported any self employment income. Sands Point depicts it has a Self Employed of 27.8% which is the largest of all places in the greater Sands Point region.
Figure 6 breaks down the source of income and Sands Point has the largest proportion of income from wages at 13.8% of the total and is ranked #1. Second, it has the smallest proportion of investment and retirement income at 2.9% of the total.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 18.1% which is the smallest in order of households with retirement income of all the other places in the area. The city with the highest households with retirement income in the area is Sea Cliff which depicts a households with retirement income of 27.1% (49.9% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Sands Point shows full time employees approximately 2.9 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Sands Point shows it has the hightest entrepreneurs of 30% for the self employed in finance, insurance, real estate, rental and leasing group.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Sands Point depicts it has the hightest cost of 791.8 for the cost of housing aggregate.
Sands Point New York Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Sands Point shows it has a Percent of Population In Poverty of 2.5% which is the smallest as measured by percent of people earning less than the poverty level of all the other places in the area. The city with the highest percent of people earning less than the poverty level in the area is Manorhaven which depicts a percent of people in poverty of 18.4% ( markedly bigger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Sands Point shows it has a Public Assistance Percent of 0.7% which is the smallest in terms of households with public assistance of all the other places in the greater region. The city with the highest households with public assistance in the area is Port Washington North which depicts a households with public assistance of 4.4% ( substantially bigger).
Sands Point New York Labor Force Charts
The table in Figure 13, shows Sands Point employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the disasterous Coronavirus Pandemic it went from 4.3% to 3.2% in December 2019. This represents a decrease in the monthly unemployment rate of 25.6%. Since that time, the monthly unemployment rate has gone to 3.2%. This represents an increase in the monthly unemployment rate of very little.
Sands Point New York Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Sands Point New York Work Commute Charts
Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Sands Point or elsewhere.) Sands Point has the largest proportion of people who bike at 1% of the total and is ranked #1.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Sands Point shows it has a Avg Commute Time of 43 which is at the top of all other places in the greater Sands Point region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.