New City, New York Income Statistics
New City Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
New City Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | New City | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $165,356 | $86,556 | $80,455 |
| Median Personal Income | $106,028 | $70,316 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.5% | 4.8% |
| Six-Figure Earners | 28.5% | 16.7% | 13.9% |
| $200k+ Households | 40.0% | 17.1% | 13.2% |
The median household income in New City is about 91% higher than in New York. Income has been growing slower in New City (4.3%/yr) than in New York (4.5%/yr).
About 29% of adults in New City earn six figures ($100,000 or more) a year, higher than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New City, New York grew by 43.8% from 2009 to 2024, reaching $165,356 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in New City
| Metric | New City | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.557 | 0.552 |
| Male Median Income | $115,500 | $77,531 | $69,667 |
| Female Median Income | $102,368 | $67,892 | $56,850 |
| Gender Pay Gap | 11.4% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In New City, it is 0.534, lower than New York's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 13% more than women's income in New City, New York. Over a 35-year career, a 13% wage gap accumulates to roughly $459,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New City, New York has narrowed from about 34% to 11% in 2024. Over that period the gap was widest at 35% in 2010. In dollar terms, the gap has narrowed by $18,067 since 2009.
Employment
| Metric | New City | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.3% | 6.4% | 5.2% |
| Working from Home | 17.1% | 15.0% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 1,273 people are unemployed in New City, New York.
The average commute time in New City is 30 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New City, New York has risen from 5.9% to 7.3% in 2024. Over that period the rate peaked at 7.4% in 2023 and fell as low as 4.7% in 2019.
Conclusion
Considering all these factors, New City, New York has an overall wealth index grade of A+, making it far better than New York, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in New City, New York.
How Rich Is New City, New York?
New City has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $165,356, about 91% higher than the New York average of $86,556.
Are incomes growing in New City, New York?
Between 2009 and 2024, the median household income in New City, New York rose 44%, from $114,994 to $165,356. Over the same years, income here lagged behind New York as a whole: +44% against +56%.
What was the median household income in New City in 2023?
In 2023, the median household income in New City, New York was $164,598, up 2% from $161,882 in 2022. The New York median that year was $85,199.
What was the median household income in New City in 2020?
In 2020, the median household income in New City, New York was $141,169. By 2024 it had risen 17% to $165,356.
Is New City, New York a high-income area?
Yes. 29% of adults in New City, New York earn $100,000 or more a year (about 1 in 4), against 17% (about 1 in 6) in New York. 40% of households have a combined income of $200,000 or more, compared with 17% in New York.
What is the Gini coefficient in New City, New York?
The Gini coefficient in New City is 0.534. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in New City, New York?
Since 2009, the income gap between men and women in New City, New York has narrowed from about 34% to 11% in 2024. Over that period the gap was widest at 35% in 2010. In dollar terms, the gap has narrowed by $18,067 since 2009.
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