115 New York City Economy Statistics for 2026

Jobs, wages, Wall Street, taxes, tourism, offices, property, housing, transit and population: the latest figures for the New York City economy.

Updated October 1, 2026 · 115 entries · Grouped by topic
  1. New York City had a GDP of $1.28 trillion (2025).
  2. New York City's economy expanded 4.1% in 2024.
  3. New York City's real GDP grew 1.7% in 2023.
  4. New York City's life sciences sector generated $7.2 billion in GDP in 2024.
  5. Tech accounted for 9.1% of New York City GDP in 2024.
  6. Finance and insurance accounted for 27.9% of New York City private-sector wages in 2024.
  7. New York City had 4,851,700 total payroll jobs in August 2026.
  8. New York City had 4,212,700 private-sector payroll jobs in August 2026.
  9. New York City government employment was 639,100 in August 2026.
  10. New York City finance and insurance employment was 388,500 in August 2026.
  11. New York City securities employment was 213,200 in August 2026.
  12. New York City banking employment was 111,800 in August 2026.
  13. New York City real estate employment was 131,500 in August 2026.
  14. New York City information-sector employment was 217,800 in August 2026.
  15. New York City professional and business services employment was 797,000 in August 2026.
  16. New York City professional, scientific and technical services employment was 459,500 in August 2026.
  17. New York City management of companies and enterprises employment was 81,200 in August 2026.
  18. New York City administrative and support employment was 256,400 in August 2026.
  19. New York City educational employment was 272,000 in August 2026.
  20. New York City healthcare and social assistance employment was 1,023,800 in August 2026.
  21. New York City arts and entertainment employment was 84,200 in August 2026.
  22. New York City accommodation and food employment was 352,100 in August 2026.
  23. New York City retail employment was 297,300 in August 2026.
  24. New York City wholesale employment was 133,700 in August 2026.
  25. New York City manufacturing employment was 50,200 in August 2026.
  26. New York City natural resources, mining and construction employment was 137,300 in August 2026.
  27. New York City healthcare and social assistance employment was 2.7% higher in August 2026 than a year earlier.
  28. The average annual wage in New York City finance and insurance was $426,400 in 2025.
  29. The average annual wage in New York City securities was $561,800 in 2025.
  30. The average annual wage in New York City banking was $284,100 in 2025.
  31. The average annual wage in New York City professional and business services was $161,500 in 2025.
  32. The average annual wage in the New York City information sector was $230,300 in 2025.
  33. The average annual wage in New York City educational employment was $100,800 in 2025.
  34. The average annual wage in New York City healthcare and social assistance was $62,700 in 2025.
  35. The average annual wage in New York City retail was $59,400 in 2025.
  36. New York City's unemployment rate was 4.8% in August 2026.
  37. New York City's labor force participation rate was 62.1% in August 2026.
  38. New York City's long-term unemployment rate was 2.3% in the second quarter of 2026.
  39. The rate of New York City workers employed part-time for economic reasons was 3.3% in the second quarter of 2026.
  40. The unemployment rate for Black New Yorkers was 8.5% in the second quarter of 2026.
  41. The unemployment rate for Hispanic New Yorkers was 6.8% in the second quarter of 2026.
  42. The unemployment rate for Asian New Yorkers was 4.9% in the second quarter of 2026.
  43. The unemployment rate for White New Yorkers was 2.5% in the second quarter of 2026.
  44. New York City private-sector employment fell by 12,900 jobs in August 2026.
  45. New York City tax collections totaled $80.3 billion in fiscal year 2025.
  46. New York City real property tax collections totaled $34,757 million in fiscal year 2025.
  47. New York City personal income tax and PTET collections totaled $18,423 million in fiscal year 2025.
  48. New York City business income tax collections totaled $10,268 million in fiscal year 2025.
  49. New York City sales tax collections totaled $10,349 million in fiscal year 2025.
  50. New York City tax audit collections totaled $942 million in fiscal year 2025.
  51. New York City's November financial plan listed $118,233 million in total revenues for fiscal year 2026.
  52. New York City's November financial plan listed $88,039 million in city-funds revenues for fiscal year 2026.
  53. New York City program and general revenues were approximately $120.1 billion in fiscal year 2025.
  54. New York City expenses were approximately $120.3 billion in fiscal year 2025.
  55. New York City's long-term reserves totaled $7.19 billion at the end of fiscal year 2025.
  56. About 5,300 new businesses started in New York City in the fourth quarter of 2025.
  57. Some 19,800 businesses started in New York City during 2025.
  58. Net New York City business formation was +380 in the fourth quarter of 2025.
  59. An estimated 4,900 New York City businesses closed in the fourth quarter of 2025.
  60. New York City was home to over 25,000 tech-enabled startups (2025).
  61. New York City had over 1,200 active venture capital firms (2025).
  62. New York City listed 17,700 AI job postings in the first half of 2024.
  63. New York City was home to 56 AI unicorns (2025).
  64. Tech employment in New York City's five boroughs grew 0.7% from 2022 to 2024.
  65. New York City welcomed 65 million visitors in 2025.
  66. New York City welcomed 52.4 million domestic visitors in 2025.
  67. New York City welcomed 12.5 million international visitors in 2025.
  68. New York City welcomed 12.6 million business visitors in 2025.
  69. Tourism generated $84.7 billion in total economic impact for New York City in 2025.
  70. Direct visitor spending in New York City totaled $55.6 billion in 2025.
  71. New York City tourism generated $7.5 billion in local and state tax revenue in 2025.
  72. Tourism activity supported 397,000 New York City jobs in 2025.
  73. Average New York City hotel occupancy was 84.2% in 2025.
  74. Average New York City luxury hotel occupancy was 82.2% in 2025.
  75. Average New York City upscale hotel occupancy was 87.5% in 2025.
  76. Average New York City midscale hotel occupancy was 76.7% in 2025.
  77. New York City hotels sold 38.1 million room nights in 2025.
  78. New York City's hotel inventory was approximately 124,000 rooms in 2025.
  79. New York City's six new hotel openings accounted for 992 rooms in 2025.
  80. The average daily New York City hotel room rate was $334 in 2025.
  81. New York City's citywide office vacancy rate was 12.9% in the second quarter of 2026.
  82. Average Manhattan office availability was 14.6% in the second quarter of 2026.
  83. New York City's citywide retail vacancy rate was 4.5% in the second quarter of 2026.
  84. New York City office visitation was 69.8% of its August 2019 level in August 2026.
  85. New York City Class A+ office visitation was 75.7% of its August 2019 level in August 2026.
  86. New York City had 730 million square feet of office space (2025).
  87. New York City had 103.2 million square feet of vacant office space in the third quarter of 2025.
  88. New York City office leasing reached 33.9 million square feet in the first three quarters of 2025.
  89. New York City Class A office leasing reached 17.7 million square feet in the first three quarters of 2025.
  90. New York City Class B office leasing reached 7.5 million square feet in the first three quarters of 2025.
  91. Taxable sales at New York City restaurants and other eating places totaled $28,544 million from September 2024 through August 2025.
  92. The tentative fiscal year 2026 market value of all New York City properties was $1.579 trillion.
  93. New York City's tentative fiscal year 2026 taxable billable assessed property value was $311.2 billion.
  94. The tentative fiscal year 2026 market value of New York City Class 1 properties was $781.7 billion.
  95. The tentative fiscal year 2026 market value of New York City Class 2 properties was $396.6 billion.
  96. The tentative fiscal year 2026 market value of New York City Class 3 properties was $61.1 billion.
  97. The tentative fiscal year 2026 market value of New York City Class 4 commercial properties was $339.5 billion.
  98. Citywide construction activity added $12.1 billion in market value to New York City's tentative fiscal year 2026 assessment roll.
  99. New York City produced 37,700 new housing units in 2024.
  100. New York City permitted 19,100 housing units in 2024.
  101. New York City's median asking rent was $3,885 (2025).
  102. In 2025, a New York City one-bedroom unit priced at 80% of area median income could rent for up to $2,430 per month.
  103. The average cost of center-based childcare in New York City reached $26,000 per year in 2024.
  104. New York City's estimated population was 8,584,629 in July 2025.
  105. The Bronx's estimated population was 1,406,332 in July 2025.
  106. Brooklyn's estimated population was 2,653,963 in July 2025.
  107. Manhattan's estimated population was 1,664,862 in July 2025.
  108. Queens's estimated population was 2,358,182 in July 2025.
  109. Staten Island's estimated population was 501,290 in July 2025.
  110. New York City subway ridership in August 2026 was 75.5% of its August 2019 level.
  111. New York City bus ridership in August 2026 was 60.9% of its August 2019 level.
  112. Monthly New York City subway ridership reached approximately 106.2 million rides in July 2025.
  113. New York City processed close to 5,500 film and television production permits year-to-date in 2025.
  114. New York City film and television production permits covered 1,760 projects year-to-date in 2025.
  115. The New York City Department of City Planning reported a citywide poverty rate of 18% in 2023.

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