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Economy, jobs and prices in New York, New York: official figures

The median household income in New York was $80,483 a year in the 2020-2024 American Community Survey (in 2024 dollars), 409th lowest of 823 US cities of 50,000 or more; the US median was $80,734 and the New York median $85,974.

Median household income
$80,483
2020-2024
Unemployment rate (ACS)
8.0%
2020-2024
Mean travel time to work
40.3 min
2020-2024
Median gross rent (monthly)
$1,821
2020-2024
Median home value (owner-occupied)
$777,600
2020-2024
Homes occupied by their owners
32.8%
2020-2024
Households with a broadband subscription
90.5%
2020-2024

What is the per capita income in New York?

Income per resident (per capita income) in New York averaged $51,844 a year in 2020-2024, 194th highest of 823 US cities of 50,000 or more (US: $44,673; New York: $50,712).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in New York?

New York's Gini index of household income inequality was 0.552 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 13th most unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in New York, New York?

8.0% of the civilian labor force in New York was unemployed on average over 2020-2024 (353,061 people), 86th highest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and New York's 6.4%.

Source: U.S. Census Bureau · saved copy

What share of people in New York are working?

63.2% of New York's 6,956,648 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 259th lowest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in New York have jobs?

4,039,236 residents of New York held civilian jobs, 58.1% of those aged 16 and over (US: 59.7%), and 3,590 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in New York?

The largest industry group for working residents of New York was education, health care and social assistance (29.0% of employed residents), followed by professional, scientific, management and administrative services (15.4%) and finance, insurance and real estate (9.2%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in New York work in manufacturing?

Manufacturing employed 2.9% of working residents of New York, 11th lowest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 15.4% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in New York, New York?

Commuters in New York took 40.3 minutes on average to get to work in 2020-2024, 9th longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 25.3% travelled an hour or more and 9.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in New York get to work?

16.9% of workers living in New York worked from home in 2020-2024, 300th highest of 823 US cities of 50,000 or more (US: 15.1%). 21.6% drove to work alone, 4.3% carpooled, 44.0% used public transport and 9.2% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in New York, New York?

The median gross rent (rent plus utilities) in New York was $1,821 a month in 2020-2024, 261st highest of 823 US cities of 50,000 or more (US: $1,413; New York: $1,621).

Source: U.S. Census Bureau · saved copy

How much does a house cost in New York?

Owner-occupied homes in New York had a median value of $777,600 in 2020-2024 as estimated by their owners, 100th highest of 823 US cities of 50,000 or more (US: $332,700; New York: $423,800).

Source: U.S. Census Bureau · saved copy

How affordable are homes in New York?

The median home value in New York was 9.7 times the median household income, 29th highest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in New York, New York own their home?

32.8% of the 3,334,088 occupied homes in New York were lived in by their owners in 2020-2024 and 2,241,032 were rented, 19th lowest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; New York: 54.3%).

Source: U.S. Census Bureau · saved copy

What share of homes in New York have broadband?

90.5% of households in New York had a broadband internet subscription of some type in 2020-2024, 244th lowest of 823 US cities of 50,000 or more (US: 91.0%; New York: 90.8%).

Source: U.S. Census Bureau · saved copy

How many households in New York have no internet?

7.3% of households in New York (242,627) had no internet access at home in 2020-2024, 175th highest of 823 US cities of 50,000 or more (US: 6.5%); 13.8% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How New York compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

New York ranks 415 of 823, highest first.

RankCityMedian household income (2024 dollars)
412Port St. Lucie$80,648
413San Jacinto$80,647
414Bakersfield$80,540
415New York$80,483
416Appleton$80,483
417Moore$80,420
418Brockton$80,115
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

New York ranks 194 of 823, highest first.

RankCityPer capita income (2024 dollars)
191St. Petersburg$51,961
192Queen Creek$51,903
193Richardson$51,863
194New York$51,844
195Charlotte$51,814
196South Jordan$51,766
197Wake Forest$51,709
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

New York ranks 13 of 823, highest first.

RankCityGini index of household income inequality
10Greenville0.556
11Columbia0.555
12New Orleans0.553
13New York0.552
14Palm Beach Gardens0.549
15Auburn0.549
16Chapel Hill0.549
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

New York ranks 86 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
83Lawton8.1%
84Lancaster8.1%
85New Brunswick8.1%
86New York8.0%
87Pompano Beach8.0%
88Chula Vista8.0%
89Compton8.0%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

New York ranks 565 of 823, highest first.

RankCityLabor force participation rate (16 and over)
562Richland63.3%
563Marana63.2%
564Baltimore63.2%
565New York63.2%
566Miami Gardens63.2%
567Spokane63.2%
568Margate63.2%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

New York ranks 9 of 823, highest first.

RankCityMean travel time to work (minutes)
6Apple Valley41.1
7San Jacinto40.5
8Victorville40.4
9New York40.3
10Brentwood40.0
11Palmdale39.9
12Pittsburg38.0
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

New York ranks 300 of 823, highest first.

RankCityWorkers who worked from home
297Orland Park16.9%
298Lacey16.9%
299Citrus Heights16.9%
300New York16.9%
301Murrieta16.8%
302Pensacola16.7%
303Fountain Valley16.6%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

New York ranks 1 of 823, highest first.

RankCityWorkers commuting by public transportation
1New York44.0%
2West New York37.1%
3Union City36.8%
4Hoboken36.6%
5Jersey City36.1%
6Mount Vernon25.8%
7Yonkers23.1%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

New York ranks 813 of 823, highest first.

RankCityEmployed residents working in manufacturing
810Santa Fe3.0%
811Olympia2.9%
812Fort Myers2.9%
813New York2.9%
814Laredo2.9%
815Urban Honolulu2.8%
816Tallahassee2.8%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

New York ranks 91 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
88Providence29.0%
89Fayetteville29.0%
90White Plains29.0%
91New York29.0%
92St. Louis28.9%
93Normal28.9%
94Pocatello28.8%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

New York ranks 261 of 823, highest first.

RankCityMedian gross rent per month
258Miami Beach$1,826
259Henderson$1,824
260Urban Honolulu$1,823
261New York$1,821
262Marana$1,818
263Longmont$1,816
264New Brunswick$1,814
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

New York ranks 100 of 823, highest first.

RankCityMedian value of owner-occupied homes
97Santa Clarita$784,700
98La Habra$781,600
99West Covina$779,800
100New York$777,600
101Oceanside$770,300
102Vista$762,400
103Chula Vista$758,700
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

New York ranks 28 of 820, highest first.

RankCityMedian home value as a multiple of median household income
25Urban Honolulu9.7x
26Alhambra9.7x
27Sunnyvale9.7x
28New York9.7x
29Davis9.6x
30Huntington Park9.5x
31El Monte9.5x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

New York ranks 805 of 823, highest first.

RankCityOccupied homes lived in by their owners
802Somerville34.2%
803Hoboken33.8%
804Cambridge33.5%
805New York32.8%
806Greenville32.7%
807East Orange31.0%
808Miami30.8%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

New York ranks 580 of 823, highest first.

RankCityHouseholds with a broadband subscription
577Madera90.7%
578Fort Wayne90.6%
579Vineland90.5%
580New York90.5%
581Asheville90.5%
582Battle Creek90.5%
583Columbia90.5%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

New York ranks 175 of 823, highest first.

RankCityHouseholds with no internet access
172Augusta7.4%
173Newark7.3%
174Cincinnati7.3%
175New York7.3%
176Houston7.3%
177Lansing7.3%
178Pittsburgh7.3%
Source: U.S. Census Bureau · saved copy

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Sources

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