As of 2016, the median household income in Community Board 15 was $61,274. In 2018, an estimated 19% of Sheepshead Bay residents lived in poverty, compared to 21% in all of Brooklyn and 20% in all of New York City. One in twelve residents (8%) were unemployed, compared to 9% in the rest of both Brooklyn and New York City. Rent burden, or the percentage of residents who have difficulty paying their rent, is 53% in Sheepshead Bay, slightly higher than the citywide and boroughwide rates of 52% and 51% respectively. Based on this calculation, , Sheepshead Bay is considered to be high-income relative to the rest of the city and not gentrifying.