The poverty rate in New York City has plummeted to the lowest level in over four decades, according to a City Hall analysis released Monday.
The survey by Mayor de Blasio’s economic opportunity office says newly released U.S. Census Bureau data shows the number of New Yorkers living below the poverty line fell from 20.9% in 2013 to 17.3% in 2018 — a 3.6% drop.
That’s the lowest known levels since the 1970s, according to the City Hall report.
The study contrasted the new numbers against census data compiled by the Federal Reserve Bank of New York that put the poverty rate at 14.5% in 1969 and 20.2% in 1979.
De Blasio touted the historically low numbers during his weekly appearance on NY1.
“This is what I came here to do," the mayor said. “We got a long way to go ... We have a huge amount of work to do, but it’s gratifying."