Average Salary in New York

State of United States · Data verified 2025-01-01

Minimum wage

$16 /hr

Average salary $5,800 /mo

+ 121% vs United States national rate #6 of 56 state Since 2026-01-01

With a population of 19.9 million, New York is a state of United States whose economy centers on financial services and healthcare. Its minimum wage of $16 per hour is 121% above the national rate. Workers earn an average gross salary of $5,800 per month. The cost of living is 8% above the national average. The median household income is $75,910 per year.

• AT A GLANCE

Rank: #6 of 56; state
vs National: +121%; United States floor
Annual (est.): $33,280; full-time, before tax
Change Since 2019: +23%; nominal wage

• SECTOR RATES

New York City

$17 /hr

Since 2026-01-01

Applies to all employers in New York City regardless of size. $17.00 effective January 1, 2026.

Long Island and Westchester County

$17 /hr

Since 2026-01-01

Long Island (Nassau and Suffolk counties) and Westchester County share the NYC rate. $17.00 effective January 1, 2026.

Wage Breakdown

Hourly: $16
Monthly: $2,773.28 Based on 173.33 hours/month (40 hrs/week)
Annual: $33,280 Based on 2,080 hours/year

2026 rate effective January 1, 2026: NYC/Downstate (Nassau, Suffolk, Westchester) $17.00/hr; rest of state $16.00/hr. Indexed to CPI starting 2027.

At this rate, a full-time worker earns approximately $33,280 /yr before tax. Whether that covers living costs depends on local prices. See United States purchasing power context.