New York Income Statistics
New York Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
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B
New York Around average
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in New York
- Nassau County (125% of U.S. avg)
- Putnam County (123% of U.S. avg)
- Suffolk County (119% of U.S. avg)
- Bronx County (70% of U.S. avg)
- Franklin County (84% of U.S. avg)
- Allegany County (86% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | New York | US Average |
|---|---|---|
| Median Household Income | $86,556 | $80,455 |
| Median Personal Income | $70,316 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.8% |
| Six-Figure Earners | 16.7% | 13.9% |
| $200k+ Households | 17.1% | 13.2% |
The median household income in New York is about 8% higher than in US. Income has been growing slower in New York (4.5%/yr) than in US (4.8%/yr).
About 17% of adults in New York earn six figures ($100,000 or more) a year, higher than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in New York grew by 55.7% from 2009 to 2024, reaching $86,556 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in New York
| Metric | New York | US Average |
|---|---|---|
| Gini Coefficient | 0.557 | 0.552 |
| Male Median Income | $77,531 | $69,667 |
| Female Median Income | $67,892 | $56,850 |
| Gender Pay Gap | 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 York, it is 0.557, about the same as US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 14% more than women's income in New York. Over a 35-year career, a 14% wage gap accumulates to roughly $337,365 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 York has narrowed from about 18% to 12% in 2024. In dollar terms, the gap has widened by $316 since 2009.
Employment
| Metric | New York | US Average |
|---|---|---|
| Unemployment Rate | 6.4% | 5.2% |
| Working from Home | 15.0% | 15.0% |
| Commute time (minutes) | 28 | 22 |
Approximately 645,503 people are unemployed in New York.
The average commute time in New York is 28 minutes, longer than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New York has fallen from 8.1% to 6.4% in 2024. Over that period the rate peaked at 9.2% in 2013 and fell as low as 5.4% in 2019.
New York Wealth Compared With Nearby States
New York is the largest of the 6 states compared here, 19,748,855 residents against a local median of 3,347,044. The measure that sets New York apart most is unemployment: 6.4%, 21% above the local median of 5.2%. That is the weaker end of the local range on this measure.
The states themselves spread 2.8% on unemployment, so New York sits at one end of an already wide local range rather than apart from it. New York has the 6th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| New York | 19,748,855 | $86,556 #3/6 | 4.5%/yr #2/6 | 6.4% #6/6 | 0.557 #6/6 |
| New Jersey | 9,334,304 | $103,817 | 4.4%/yr | 6.3% | 0.544 |
| Pennsylvania | 13,004,688 | $78,249 | 4.4%/yr | 5.2% | 0.537 |
| Vermont | 646,793 | $81,508 | 4.7%/yr | 3.5% | 0.506 |
| Connecticut | 3,347,044 | $97,098 | 3.7%/yr | 5.5% | 0.536 |
| Delaware | 1,017,061 | $85,760 | 4.3%/yr | 5.1% | 0.525 |
Conclusion
Considering all these factors, New York has an overall wealth index grade of B, making it somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in New York.
How Rich Is New York?
New York has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $86,556, about 8% higher than the US average of $80,455.
How has median household income changed in New York?
Between 2009 and 2024, the median household income in New York rose 56%, from $55,585 to $86,556. Over the same years, income here lagged behind the U.S. as a whole: +56% against +57%.
What was the median household income in New York in 2023?
In 2023, the median household income in New York was $85,199, up 4% from $81,884 in 2022. The US median that year was $78,147.
What was the median household income in New York in 2020?
In 2020, the median household income in New York was $71,369. By 2024 it had risen 21% to $86,556.
What is the Gini coefficient in New York?
The Gini coefficient in New York is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in New York?
Since 2009, the income gap between men and women in New York has narrowed from about 18% to 12% in 2024. In dollar terms, the gap has widened by $316 since 2009.
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