The State of New York Income Charts

This section shows the economic outlook and local economy using the most recent economic data from the 2019 Census Bureau. Starting with Figure 1 which shows the median earnings per worker. New York shows it has $53,364 median earnings which is the 2nd most of all the states in the area. The state with the highest median earnings in the group is New Jersey with an earnings of $59,577 is 11.6% larger.

In Figure 2 we see a more complete view of income which includes all members in a household using the median household income and it has $65,323 median income which is the 2nd most of all the states in the area. The state with the highest median income in the group is New Jersey with an income of $79,363 is 21.5% larger.

Figure 5 has the Average number of hours worked in a typical work week during the year, it has 38.5 average hours which is the 2nd most of all the states in the area. The state with the highest average hours in the group is Pennsylvania with an average hours of 38.6 compares as about the same size. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 6 shows that it has $26.66 average hourly earnings which is the 2nd most of all the states in the area. The state with the highest average hourly earnings in the group is New Jersey with an average hourly earnings of $29.76 is 11.6% larger.

Figure 7 examines the number of self employed people in the area based on the number of people who reported any self employment income. New York indicates it has 10.5% Self Employed which is more than all other statesin the area.

The next chart (Figure 11) shows the percentage of households that had retirement income over the last 12 months and it has 18.5% households with retirement income which is the 2nd most of all the states in the area. The state with the highest households with retirement income in the group is Pennsylvania with a households with retirement income of 20.9% measures 13.2% larger.

In the next chart, Figure 12, the median family income is shown for families broken down by racial group and has Black Family Income the 2nd most of all the states in the area at $58,406 of the total and is ranked 2nd last in the group. Second, it has the largest proportion of Hawaiian Family Income at $60,295 of the total and is ranked #1. Also, it has Hispanic Family Income the 2nd most of all the states in the area at $50,984 of the total and is ranked 2nd last in the group.

Figure 13 shows the cost of living for a variety of cost components from the Bureau of Labor Statistics. New York shows it has hightest cost of 135.4 for cost of housing.

The State of New York Labor Force Charts

The next two charts look at very recent, monthly trended employment related performance using data from the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall measure for the United States. It reveals that from February 2010 to April 2020 the Monthly Unemployment Rate went from 9.5% to 15.0%. This represents an increase in the Monthly Unemployment Rate of 57.9%. In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. The participation level It shows that from February 2010 to April 2020 the Monthly Labor Force Participation went from 9,565,200 to 9,042,700. This represents a decrease in the Monthly Labor Force Participation of 5.5%.

The next two charts look at the annual unemployment rate and is based on the American Community survey. Figure 16 shows New York shows it has 3.8% unemployment rate which is the 2nd most of all the states in the area. The state with the highest unemployment rate in the group is New Jersey with a rate of 4.0% is only about 5.7% larger. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. the state of shows it has 63.1% participation rate which is the 2nd most of all the states in the area.

The percentage of full-time workers are compared to the number of part-time workers in Figure 19. New York shows full time employees compares as approximately 3.4 times bigger than part time employees.

The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner. New York indicates it has 29.4% families with a single earner which is the largest of all statesin the area. The percentage of families with no one working is depicted in Figure 22. New York shows it has 15.8% families with no one working which is the 2nd most of all the states in the area. The state with the highest families with no one working in the group is Pennsylvania with a families with no worker of 17.3% is 10.1% larger.

The State of New York Poverty Charts

The next section details information about poverty in the area. In Figure 23 the total number of people earning less than the poverty level are shown. New York shows it has 2,797,980 total people earning less than the poverty level which is at the top of all other statesin the area.

In Figure 24 the percentage of people earning less than the poverty level is shown and compared across the group of places. New York shows it has 14.6% percent of people earning less than the poverty level which is the largest of all statesin the area.

The next chart, Figure 26, shows the percentage of people in poverty by racial group. New York has the largest proportion of White poverty rate at 11% of the total and is ranked #1. Second, it has the largest proportion of Asian poverty rate at 16% of the total and is ranked #1.

Figure 27 shows key poverty statistics for groups based on marriage status. New York has the largest proportion of Married with children and in poverty at 11% of the total and is ranked #1.

The next chart looks at the percentage of people in poverty based on their education level in Figure 28 marriage status. New York has the largest proportion of less than highschool in poverty at 29% of the total and is ranked #1. Second, it has the largest proportion of highschool graduate and in poverty at 15% of the total and is ranked #1. Figure 29 looks at only those people who make less than the poverty level of income and breaks down there employment status. We see that New York has the largest proportion of people who are in poverty and not in Labor Force at 20.9% of the total and is ranked #1. Additionally, Figure 30 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) We can see that the state of shows it has 15.7% households with public assistance which is more than all other statesin the area.

Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). the state of shows it has 51.4% the Gini Index which is more than all other statesin the area.

The State of New York Work Commute Charts

Figure 32 shows a high level view of how people get to work (including the percent of people who work from home.) New York has the largest proportion of people who take public transportation to work at 28% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk to work at 7% of the total and is ranked #1. Figure 33 shows a more detailed view of how people get to work for this location and shows New York has the largest proportion of people who take the subway or elevated rail at 19% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 6% of the total and is ranked #1.

The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. New York has the largest proportion of people with commute time between 45 to 59 minutes at 11% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 60 to 89 minutes at 12% of the total and is ranked #1. Also, it has the largest proportion of people with commute time of 90 or more minutes at 6% of the total and is ranked #1.

The average commute time is shown in Figure 37. the state of shows it has 33 average commute time which is the highest of all statesin the area. Figure 38 shows the difference between male versus female commuting time and New York shows average commute time in minutes for men measures 14.7% larger than average commute time in minutes for women. Figure 40 shows the total number of vehicles available for transportation and New York has the largest proportion of No vehicle available at 22% of the total and is ranked #1. Second, it has the largest proportion of 1 vehicle available at 26% of the total and is ranked #1. Figure 41 shows the percentage of people who both work and live in the same city (town or place.) the state of shows it has 60% people who both work and live in the same city which is the highest of all statesin the area.

The State of New York Jobs Charts

The next to charts break out the median earnings for major job categories for men and women. Figure 46 shows the median earnings of men for the job categories. the state of shows it has hightest median earnings of $91,410 for Management, business, and financial occupations. Similarly, Figure 47 shows the median earnings of women for the job categories and the state of shows it has hightest median earnings of $72,355 for Management, business, and financial occupations.

The State of New York Self Employment Charts

Figure 49 shows the number of people who are self employed in incorporated businesses by industry. the state of shows it has hightest entrepreneurs of 53% for self employed management, business, science, and arts businesses.

Similar to the last chart is Figure 50 which shows the number of people who are self employed but in more detailed industry categories. the state of shows it has hightest entrepreneurs of 23% for self employed in professional, scientific, management, administrative services.

In Figure 51 the average annual self employment income is shown. the state of shows it has $42,948 average annual self employment income which is the 2nd most of all the states in the area. The state with the highest average annual self employment income in the group is New Jersey with an average annual self employment income of $47,678 is 11.0% larger.

Figure 52 shows the difference between the number of self employed men and self employed women. New York shows total number of self-employed men is 67.0% larger than total number of self-employed women.