Salary Overview for New York
The median individual income in New York is $43,120 per year, while the mean (average) individual income is $60,850. The median household income is $81,386.
Cost of Living Adjusted Salary
New York's cost of living index is 126 (national average = 100). This means the median salary of $43,120 in New York has the purchasing power of approximately $34,222 at the national average cost of living. The higher cost of living in New York means you need to earn more to maintain the same standard of living.
Minimum Wage in New York
The current minimum wage in New York is $16.00/hour, which equals approximately $33,280 per year for a full-time worker (40 hours/week, 52 weeks). See our complete New York minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in New York
- NYC Health + Hospitals
- JPMorgan Chase
- Mount Sinai
Major Industries in New York
- Finance
- Healthcare
- Technology
Tax Rates in New York
See the full tax breakdown including income tax, sales tax, property tax, and more on our New York tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in New York after federal and state taxes.