The tuition to attend private day schools in New York City can range from $58,000 to about $65,000 per year.
Roughly 20% of school children attend private schools in New York City, according to think tank Manhattan Institute.
With larger endowments and higher income from tuition, New York City private schools have bigger investment portfolios as well, which include long-term investments.
New York City private schools have yet to report figures for 2022, when the S&P 500 fell 19%.
Tuitions at New York City private schools are also outpacing those of their counterparts around the country.
Persons:
outsized, Horace Mann, Walter Dillingham, Dillingham, Myra McGovern, McGovern, Gertrude Chavez, Dreyfuss, Alden Bentley, Mark Porter
Organizations:
YORK, Manhattan Institute, Wilmington Trust, National Association of Independent Schools, New York, New, Internal Revenue Service, Horace, Brearley School, Prep Day School, Little Red School House, Harlem Academy, Tuitions, Thomson
Locations:
New York, New York City, Wilmington, Bronx, Brooklyn, Manhattan, NAIS, Washington, Kansas City