Average salary in New York

1 min readLast updated February 1, 2024by Charlie Barton

Learn about the average salaries and highest paying counties in New York

The sheer size of New York State makes it difficult to define a 'good' salary. The state is home to some of the country's most expensive cities to live in, yet earnings can vary massively. Whether you already live in New York State, or are thinking of making the move, it can be helpful to establish what the financial landscape looks like. 

Numerous sources rank New York State as one of the most expensive states in the country to live in. According to a study by CNBC, New York State is ranked as the fourth most expensive state in the U.S. The high cost of living in cities like New York City, Buffalo, and Rochester contributes to this ranking. Accordingly, we can expect the average salaries to match up—which is why it is such an attractive prospect to many. The earning potential available in New York State is an incentive for many to head to the East Coast. But which cities and counties offer the highest average salaries? 

Average salary in New York by city 

City living is often more expensive than living in more rural areas, but it’s also where the money is. However, what’s interesting about New York state’s densely populated cities is that average household income is far less than in the suburbs or smaller population towns. Many of these smaller localities command more than $200,000 in average household income, whereas New York City itself is less than half this. 

Average earnings by city—or any other geographical metric—is just one way of calculating wealth, and certainly shouldn’t be the only way you look at your own earning potential in a given place. It doesn’t take into account the type of jobs that people do to earn above or below this average bracket, and omits any consideration for the number of people living in a household. However, it’s certainly one way of establishing which place offers good earning opportunities.  

The US Census Bureau’s latest American Community Survey has calculated the average earnings for the largest cities in New York, which you can find ranked below.  

CityAverage household income
New York City $67,046
Buffalo $39,677
Yonkers $69,825
Rochester $37,395
Syracuse $38,893
Albany $48,512
New Rochelle $81,735
Mount Vernon $59,921
Schenectady $47,773
Utica $42,624

Average salary in New York by county 

Reviewing average salaries in New York by city is not necessarily an adequate metric for average salaries across the state, since it’s entirely urban focused. A good idea is to weigh these figures up against the average salary in New York by county, as this will take areas outside the main cities into account and offer a broader idea of salary ranges.  

The same survey from the US Census Bureau gives further insight this way, with the average household income calculated for each county.  

CountyAverage household income
New York County (Manhattan) $96,310
Westchester County $106,005
Nassau County $108,907
Suffolk County $100,734
Rockland County $98,309
Putnam County $97,606
Richmond County (Staten Island) $87,201
Queens County $75,153
Kings County (Brooklyn) $75,008
Bronx County $43,817

Highest paying jobs in New York

There’s another weighty factor that will influence how much you earn if you live in New York: your job type. Average salaries for various sectors and job roles can vary massively across the state, so it’s absolutely something to consider when looking at salaries by location.

U.S. Bureau of Labor Statistics has calculated a comprehensive list of annual salaries by occupation area, which you can also find below.

Occupation AreaAnnual Salary
Financial Managers $205,800
Nurse Anesthetists $200,090
Family Medicine Physicians $195,840
Psychiatrists $195,000
Computer and Information Systems Managers $191,860
Sales Managers $190,290
Judges, Magistrate Judges, and Magistrates $171,060
Marketing Managers $169,130
Other Specialists Dentists $169,000
Physicists $167,720
Compensation and Benefits Managers $167,270
General Pediatricians $165,250
Lawyers $164,180
Natural Sciences Managers $164,060
Human Resources Managers $163,360
Advertising and Promotions Managers $163,230
Training and Development Managers $162,750
Fundraising Managers $162,700
Architectural and Engineering Managers $162,600
Podiatrists $161,850

Frequently asked questions about salaries in New York state

What is the average salary in New York by age?
Alongside location and occupation, salaries in New York are also dependent on age, since more senior workers will be paid more. Then, when they retire, their income will dip again as they will rely on pensions and other forms of set income.

The Census Bureau data finds that householders under 25 years old have a median income of $42,726; householders aged 25 to 44 years old have a median income of $77,348; those aged 45 to 64 years old have a median income of $91,521; and those 65 and older have a median income of $50,471.

What is a ‘good’ salary in New York?
The median income in New York State is $72,108. However, defining a 'good' salary depends on various factors such as location, industry, and personal expenses. For example, $150,000 may be a high salary in some areas of the state, but in New York City, it may be considered closer to average.

What is the average salary in New York by hour?
If Americans work an average of 1,801 hours per year—at 37.5 hours a week—then the average hourly salary in New York is $40.03.

Getting expert advice before you make significant financial decisions can really benefit you in the long term. Protect your financial future and speak to one of our financial advisors today.

Writer

Charlie Barton

Charlie Barton is a writer at Unbiased. He has been writing about personal finance and investing since 2017, with extensive knowledge of platforms and products. Charlie has a first-class degree from the London School of Economics.