Belmont is Gentrifying … Fast

The Fordham and Belmont communities have had a long, tenuous relationship with each other, to say the least. As we know, Fordham University has a student body that is predominantly both white and from upper-class backgrounds. In contrast, Belmont is incredibly ethnically diverse and one of the poorest in New York City. Specifically, 31% of Belmont residents fall below the poverty line. This compares to a Bronx average of 25% and a New York City average of 20%. Additionally, the average income in Bronx Community Board 6, which Belmont is located in, is a measly $25,972. To put that number in perspective, the average income in Bergen County, New Jersey, where many Fordham students originally hail from, is about $85,000. The unemployment rate in Belmont is much higher than the national average. As of the last count, it was about 16%. This is more than 5 times the national average!