Climate Risk Summary

Zip Code 10023, Risk Profile

The primary drivers of climate-related financial risk in New York, NY (10023) are Inland Flooding, Heat Wave, and Hurricane.

Understanding the Dollars

Expected Annual Loss (EAL) is a statistical average of property damage for this entire zip code over a standard year across all properties.

  • / It represents the "average cost" rather than a guaranteed yearly bill.
  • / It can be used to compare the relative risk from different hazards and across different neighborhoods.

Primary Risks

Inland Flooding

$7,969,337

Expected Annual Loss for Zip Code 10023

71.2Score

Very High compared to US average

10023
Minimal Estimated LossMax Estimated Loss

Heat Wave

$1,543,747

Expected Annual Loss for Zip Code 10023

90.4Score

Relatively High compared to US average

10023
Minimal Estimated LossMax Estimated Loss

Hurricane

$950,779

Expected Annual Loss for Zip Code 10023

78.9Score

Relatively Moderate compared to US average

10023
Minimal Estimated LossMax Estimated Loss

Zip Code Risk Map

Legend
Very Low
Low
Moderate
High
Very High
Extreme

Financial Risk Inventory

MAJOR DRIVER
Inland Flooding
$7,969,337
Score: 71.2
MAJOR DRIVER
Heat Wave
$1,543,747
Score: 90.4
MAJOR DRIVER
Hurricane
$950,779
Score: 78.9
Cold Wave
$700,045
Score: 66.0
Earthquake
$515,152
Score: 62.5
Strong Wind
$290,315
Score: 72.8
Tornado
$174,338
Score: 34.0
Hail
$63,715
Score: 52.8
Winter Weather
$46,193
Score: 71.3
Lightning
$39,289
Score: 31.0
Ice Storm
$20,503
Score: 35.8
Coastal Flooding
$3,767
Score: 9.0
Wildfire
$193
Score: 6.9
Landslide
$1
Score: 14.2

Recommended Mitigation Strategies

Recommended investments to protect your property value and reduce insurance liability based on your local risk profile.

💧Medium Investment

Inland Flooding Mitigation

Install a smart sump pump with battery backup and extend downspouts 10ft from foundation.

Risk Score: 71.2
☀️Low Investment

Heat Wave Mitigation

Ensure attic insulation is R-49+ and consider a dual-fuel backup generator for AC.

Risk Score: 90.4
🌀High Investment

Hurricane Mitigation

Install permanent hurricane shutters or upgrade to impact-resistant windows.

Risk Score: 78.9

Methodology and Sources

Spatial Aggregation

Our "Atlas" risk scores are derived using a population-weighted spatial join. Because US Zip Codes and Census Tracts do not share perfectly aligned boundaries, a simple geographic average would be misleading. We utilize US Census Block Group population statistics to identify where residents actually live within a Zip Code. We then intersect these points with FEMA National Risk Index (NRI) hazard data to calculate a weighted exposure score.

Financial Projections (EAL)

Expected Annual Loss (EAL) estimates the average economic impact of natural hazards in dollars per year. This calculation incorporates three components: Exposure (the value of structures and agriculture), Annualized Frequency (historical probability), and Historic Loss Ratio (vulnerability of the area).

Primary Data Sources

  • FEMA National Risk IndexHazard frequency and loss data (v1.20.0)
  • U.S. Census BureauTIGER/Line 2025 Shapefiles & Decennial Population

Nearby Locations

Zip Code 10024Zip Code 10019Zip Code 10065Zip Code 10069Zip Code 10021Zip Code 10022