New York City's per capita income of $48,448 in 2022 represents a 53.8% increase compared to the year 2000, when it was $22,402.
The New York metropolitan area had a per capita personal income of $84,084 in 2022, which is nearly double the per capita income of the entire state of New York ($40,272.29 as of 2004).
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The median household income in New York City in 2022 was $74,694, a 6.5% decrease from the median annual income of $79,557 across the entire state of New York.
Compared to the median income of $38,293 in 2000, the median household income in New York City has increased by 48.7%.
New York County (Manhattan) had a per capita personal income of $186,848 million in January 2022, reaching a record high of $193,617 million in the same month.
Despite its high per capita income, New York City's median household income is still lower than the national median household income of $79,900 in 2022.
The top 1% of households in New York City earned an average of $811,630 in 2022, highlighting the significant income inequality within the city.
New York's per capita income growth has outpaced the national average, with the state's per capita income increasing by 21% in the metropolitan portion and 13% in the non-metropolitan portion between 2021 and 2022.
The Hamptons, a wealthy enclave on Long Island, has an average per capita income of over $200,000, making it one of the highest-income areas in New York state.
Westchester County, just north of New York City, has a per capita income of $77,006, which is significantly higher than the national average.
The Bronx, one of New York City's five boroughs, has the lowest per capita income at $23,509, highlighting the economic disparities within the city.
The top 10% of households in New York City earned an average of $276,207 in 2022, while the bottom 20% earned an average of just $11,490.
The per capita income in the affluent suburb of Scarsdale, New York, is over $150,000, making it one of the wealthiest communities in the state.
New York City's per capita income varies greatly by neighborhood, with the Upper East Side and TriBeCa having the highest incomes and the South Bronx and Brownsville having the lowest.
Long Island's North Shore, which includes the Hamptons and other affluent communities, has an average per capita income of over $80,000, significantly higher than the state average.
The per capita income in New York's financial district, home to Wall Street and many high-paid finance professionals, is nearly $200,000, reflecting the concentration of wealth in the industry.
New York City's per capita income has been growing faster than the national average, driven by the city's thriving tech, finance, and real estate sectors.
The high cost of living in New York City, particularly for housing, means that even high-income individuals may have less disposable income compared to other parts of the country.
The income inequality in New York City is one of the highest in the nation, with the top 1% of households earning over 40% of the city's total income.
The per capita income in New York's suburbs, such as Westchester and Nassau counties, is often higher than the city itself, reflecting the concentration of wealth in the surrounding areas.