About New York City
New York City is currently home to more than 8.3 million residents. The median household income stands at $69,407. Men in New York City have an average annual income of $67,637, which is 1.27 times the average annual income earned by females living in the city. That means New York City has an income inequality rating of 0.496 on the Gini Index, leaving the city with an income inequality rating that’s higher than the current national average.
At present, the sales tax that applies in New York City is 8.9%, which is higher than the current average of 6.2% for the country. The income tax rate for the city is at 10.1%, which is higher than the current US average of 4.6%.
The unemployment rate in New York City is currently at 11.2%, a percentage that’s higher than the United States national average of 6.0%.
More than 4.1 million residents of New York City are employed. Fields offering the greatest number of jobs include Health Care & Social Assistance, Professional, Scientific, & Technical Services, and Educational Services. The highest paying positions are found in the Finance & Insurance, Finance & Insurance, & Real Estate & Rental & Leasing, and Professional, Scientific, & Technical Services fields.