Comprehensive salary data, cost of living, and employment information for New York City, New York. Population: 8,336,817.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
New York City's $70,663 median household income is unusually low for a city of its global economic stature — the figure is pulled down by the wide income distribution across the five boroughs. Manhattan-only household income is dramatically higher (above $100,000), while the Bronx and parts of Brooklyn run well below the city-wide median. Employment is concentrated in three broad clusters: finance and investment banking (JPMorgan Chase, Citi, Goldman Sachs, BlackRock, and the private-credit and hedge-fund ecosystem), healthcare (Mount Sinai, NYU Langone, NewYork-Presbyterian, and NYC Health + Hospitals together employ over 300,000 people), and media-and-tech (Bloomberg, Google NYC, The New York Times, and a fast-growing venture-backed startup base). Remote and hybrid work has shifted some financial-services back-office roles to Jersey City and Hoboken, which changed the metro's income geography noticeably post-2020. NYC residents pay both New York State and New York City income tax, meaning take-home pay at the same nominal salary is meaningfully lower than in Texas or Florida. Use the breakdown and calculators below to estimate take-home pay across Manhattan, Brooklyn, Queens, and the outer boroughs.
Median Individual
$47,389
per year
Median Household
$70,663
per year
Cost of Living
187
Extremely Expensive (US avg = 100)
Population
8.3M
Salary Breakdown for New York City
The median individual income in New York City is $47,389 per year, which works out to approximately $3,949/month or $22.78/hour for full-time workers. The median household income is $70,663.
Cost of Living Adjusted Salary
New York City's cost of living index is 187 (national average = 100). The median salary of $47,389 in New York City has the purchasing power of approximately $25,342 at the national average cost of living. The high cost of living in New York City means you need a significantly higher salary to maintain the same standard of living as cheaper cities.