New York, New York 

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Economy in New York, New York

New York has an unemployment rate of 5.1%. The US average is 5.2%.

New York has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 38.0%.

Tax Rates for New York
- The Sales Tax Rate for New York is 8.9%. The US average is 6.0%.
- The Income Tax Rate for New York is 10.0%. The US average is 4.6%.

Income and Salaries for New York
- The average income of a New York resident is $32,459 a year. The US average is $28,555 a year.
- The Median household income of a New York resident is $52,737 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYNew York, New YorkUnited States
  Unemployment Rate5.1%5.2%
  Recent Job Growth3.0%1.6%
  Future Job Growth40.8%38.0%
  Sales Taxes8.9%6.0%
  Income Taxes0.100410.046
  Income per Cap.$32,459$28,555
  Household Income$52,737$53,482
  Family Median Income$58,368$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.1%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction4.9%6.2%
  Manufacturing3.7%10.4%
  Wholesale trade2.3%2.7%
  Retail trade9.9%11.6%
  Transportation and warehousing5.6%4.1%
  Utilities00
  Information3.8%2.1%
  Finance and insurance6.7%4.7%
  Real estate, rental, leasing3.1%1.9%
  Professional, scientific, technical services9.0%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs3.9%4.3%
  Educational services9.1%9.3%
  Health care and social assistance17.3%13.8%
  Arts, entertainment, recreation2.8%2.2%
  Accommodation, food services8.1%7.4%
  Other services5.5%4.9%
  Public administration3.7%4.8%
ECONOMY MAP
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    Reviews for New York    321 Reviews
    New York Rocks - 12/4/2018
    Love New York... Read More

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    New York has many issues very expensive - 6/15/2018
    New York has always been expensive but I think even the least expensive areas are around $1800 in Manhattan just for a studio apartment. City is very safe for a city... Read More

    Compare with Minneapolis - 10/9/2016
    I am lacking sunshine and am depressed w the gloom and long length of winter. Should I move to... Read More


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