New York Hourly Wage & Salary 2026
New York, NY: $29.53/hr median hourly wage, $61,430 median annual salary, cost of living index 187, and $16.50/hr minimum wage. Calculate take-home pay with federal and New York taxes.
New York Hourly Wage Quick Answer
The median hourly wage in New York, NY is $29.53/hr,and the median annual wage is $61,430. Entry-level pay estimates around $18.31/hr, senior-level pay estimates around $41.93/hr, and the local minimum wage is $16.50/hr.
Median figures: BLS OEWS May 2025, all occupations, New York-Newark-Jersey City, NY-NJ metropolitan statistical area (9,492,000 jobs). BLS publishes wages by metro area, not by city, so New York shares this figure with the rest of its metro. Entry and senior levels are Salario estimates.
Median Salary
$61,430
$29.53/hr
Cost of Living
187
US avg = 100
Minimum Wage
$16.50
per hour
Unemployment
4.2%
rate
New York, NY Overview
Population
8,336,817
Median Salary
$61,430
Average Salary
$86,310
Avg Commute
41 min
Median Home Price
$680,000
Median Rent
$3,200/mo
Job Growth
+2.1%
Sales Tax
8.88%
New York is located in New York with a population of 8,336,817. The median annual wage across all occupations is $61,430 ($29.53/hour, BLS OEWS May 2025, New York-Newark-Jersey City, NY-NJ metro), which is $10,450 above the national median of $50,980. The national median is the BLS OEWS May 2025 all-occupations median annual wage. The average commute time is 41 minutes, and the city has a job growth rate of +2.1%.
New York Salary by Experience Level (2026)
Wage distribution in New York, NY built around the $61,430 median salary (BLS OEWS May 2025, all occupations, New York-Newark-Jersey City, NY-NJ metro). Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile. The non-median rows are Salario estimates.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $38,087 | $18.31/hr | 0–2 years |
| Mid-Level (Median) | $61,430 | $29.53/hr | 3–7 years |
| Senior-Level | $87,231 | $41.93/hr | 8–15 years |
| Top 10% (90th Percentile) | $109,345 | $52.56/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) are Salario approximations of the typical all-occupations wage spread in BLS OEWS metro tables; only the median row is a published BLS value. Specific roles vary; see jobs by city for role-specific data.
New York Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in New York, NY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$46,438
$3,869.81/month · $1,786.07/biweekly · Effective Rate: 24.4%
Biweekly paycheck estimate: this salary equals about $1,786.07 take-home per paycheck after estimated New York and federal taxes. For the 26-paycheck formula, three-paycheck months, and withholding examples, see the Biweekly Paycheck Calculator.
Gross Pay
$61,430
Federal Tax
-$5,192
State Tax
-$2,720
Local Tax
-$2,381
FICA
-$4,699
Net Pay
$46,438
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,119.17 | $61,430.00 |
| Federal Income Tax | -$432.63 | -$5,191.60 |
| New York State Tax (4.43% eff.) | -$226.68 | -$2,720.22 |
| Local Tax (3.876%) | -$198.42 | -$2,381.03 |
| Social Security (6.2%) | -$317.39 | -$3,808.66 |
| Medicare (1.45%) | -$74.23 | -$890.74 |
| Net Take-Home Pay | $3,869.81 | $46,437.76 |
Salary Comparison: New York vs Other Cities
See how New York's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| New York, NY | $61,430 | 187 | $32,850 |
| National Average | $50,980 | 100 | $50,980 |
| Newark, NJ | $61,430 | 115 | $53,417 |
| Jersey City, NJ | $61,430 | 135 | $45,504 |
| Paterson, NJ | $61,430 | 105 | $58,505 |
| Elizabeth, NJ | $61,430 | 110 | $55,845 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in New York
New York's cost of living index is 187 (national average = 100). Living in New York is 87% more expensive than the national average.
Median Home Price
$680,000
Median Monthly Rent
$3,200
Annual Rent Cost
$38,400
Your Salary's Purchasing Power
Your $46,438 annual take-home pay in New York has the purchasing power of approximately $24,833 in an average-cost US area. You would need to earn $114,874 in New York to match a $61,430 salary in an average-cost city.
Top Industries in New York
New York's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $61,430.
Salary Tips for New York Workers
- Negotiate for cost of living. New York has a cost of living 87% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a top 10.9% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. New York's top industries include Finance, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $61,430 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Job Salaries in New York, NY
Browse occupation-specific salaries for New York. Figures marked BLS are the BLS OEWS May 2025 median annual wage for that occupation in the New York-Newark-Jersey City, NY-NJ metro area (77 of 338); the rest are Salario estimates adjusted for New York's cost of living. Each page connects the benchmark with local take-home pay and market context.
Other Cities in New York
Newburgh
Niagara Falls
North Hempstead
North Tonawanda
Oyster Bay
Penfield
Pittsford
Port Chester
Poughkeepsie
Ramapo
Riverhead
Rochester
Methodology & Local Economy Data Sources
How we calculate New York salary data: The median annual wage, median hourly wage and mean wage are the official BLS OEWS May 2025 all-occupations values for the New York-Newark-Jersey City, NY-NJ metropolitan statistical area, retrieved from the BLS Public Data API on September 17, 2026. BLS does not publish city-level wages, so every city inside that metro shows the same figure. The entry/senior/top-10% rows, the paycheck estimate and the purchasing-power conversion are Salario calculations built on that median. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with New York indexed at 187.
- Median salary: $61,430 annual, $29.53 hourly, BLS OEWS May 2025, all occupations, New York-Newark-Jersey City, NY-NJ MSA (9,492,000 jobs surveyed). Mean wage $86,310 (BLS). Salario's previous modeled median for New York was $85,000.
- Tax burden reflects New York 2026 state income tax brackets and standard deduction (top rate 10.9%), plus New York local tax of 3.876%, sales tax (8.88%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for New York: 4.2%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Finance, Technology, Healthcare, based on QCEW employment concentration data.
- Job growth: 2.1% projected through 2034, derived from BLS Employment Projections program for New York.
- Housing context: median home price $680,000, median rent $3,200/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for New York, NY:
- BLS Occupational Employment and Wage Statistics (OEWS), metropolitan area salary data
- BLS Local Area Unemployment Statistics, New York unemployment rate
- U.S. Census Bureau, New York QuickFacts, population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW), county-level industry employment
- BLS Economy at a Glance, New York, state economic indicators
- U.S. Bureau of Economic Analysis (BEA), local GDP and personal income data
- BLS Consumer Price Index (CPI-U), regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. New York's rapidly changing economy can shift these baselines, always verify with current job listings, employer offers, and recent New York labor market reports for the most current figures.
Reviewed by Harlan Voss · Last updated September 17, 2026 · Wage figures: BLS OEWS May 2025 release (published May 2026) · Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in New York, NY?
The median hourly wage in New York, NY is $29.53 per hour, the BLS OEWS May 2025 median for all occupations in the New York-Newark-Jersey City, NY-NJ metropolitan area, and the BLS median annual wage is $61,430. Entry-level workers are estimated around $18.31/hr, while senior-level workers are estimated around $41.93/hr before overtime, bonuses, or benefits (Salario estimates, not BLS percentiles).
What is the median salary in New York, NY?
The median salary in New York, NY is $61,430 per year, or $29.53 per hour (BLS OEWS May 2025, all occupations, New York-Newark-Jersey City, NY-NJ metro area). The BLS mean salary is $86,310. This is $10,450 above the BLS national median of $50,980.
What is the cost of living in New York, NY?
New York's cost of living index is 187 (national average = 100), meaning it is 87% more expensive compared to the national average. The median home price is $680,000 and the median monthly rent is $3,200.
What are the best industries in New York?
The top industries in New York, NY include Finance, Technology, Healthcare. The city has a job growth rate of 2.1% and an unemployment rate of 4.2%. Workers in these industries often earn above the city's median salary of $61,430.
How does New York's salary compare to other cities?
New York's median salary of $61,430 is 20.5% above the national median of $50,980. However, when adjusted for cost of living (index: 187), the real purchasing power is approximately $32,850.
What is the minimum wage in New York, NY?
The minimum wage in New York, NY is $16.50 per hour. This equals approximately $34,320 per year for a full-time worker (40 hours/week). This is $9.25 above the federal minimum wage of $7.25/hour.