Queens County, NY Economy


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United States / New York / / Queens County / Cities / Zip Codes
Queens, NY County is a vibrant area of New York City. It is known for its diverse communities, excellent schools and overall high quality of life. The two bedroom rent in Queens, NY County is approximately $2,450 which is significantly more than the US average of $1,430. Additionally, the grocery cost index in Queens, NY County stands at 117 versus 100 in the US, indicating that groceries tend to be more expensive here. Local companies include Met Foods Supermarket, Best Buy Appliance Center and Macy's Department Store. These companies add to the economic landscape of Queens and provide stable jobs for its residents.

Queens County has an unemployment rate of 11.0%. The US average is 6.0%.

Queens County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.

Tax Rates for Queens County
- The Sales Tax Rate for Queens County is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Queens County is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Queens County
- The average income of a Queens County resident is $26,580 a year. The US average is $28,555 a year.
- The Median household income of a Queens County resident is $75,886 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyQueens, New YorkUnited States
  116
  -12.4%-6.2%
  31.4%33.5%
  8.9%6.2%
  6.2%4.6%
  $35,640$37,638
  $75,886$69,021
  $85,305$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  7.5%6.8%
  3.3%10.0%
  2.0%2.5%
  9.4%11.0%
  8.1%4.8%
  0.4%0.8%
  2.6%1.9%
  5.0%4.7%
  2.7%1.9%
  7.5%7.6%
  0.1%0.1%
  4.3%4.2%
  8.2%9.3%
  17.8%14.0%
  2.0%2.1%
  8.7%7.0%
  6.1%4.8%
  4.4%4.7%
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