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This question is about New York, NY.
What is a good salary in New York, NY?
A good salary in New York, NY is anything over $54,000. That's because the median income in New York is $54,000, which means if you earn more than that you're earning more than 50% of the people living in New York. The average salary in New York is $64,741.
A good hourly wage in New York is $25.96 per hour. That works out to a good weekly wage of $1,038 per week and a good monthly wage of $4,500 per month. However, using the median income is only one way to calculate a good salary in New York.
Another way to calculate a good salary in New York is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $606,000, a good salary in New York would be $121,200.
Lastly, we can determine a good salary in New York by looking at the cost of living and comparing it to the US average salary. The cost of living in New York is 61% higher than than the national average. The national average salary is $56,310, so a good salary in New York is anything over $90,659 by this measure.
Average Annual Salary in New York, NY
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $37,000 | $3,083 | $711 | $17.79 |
| Median | $54,000 | $4,500 | $1,038 | $25.96 |
| 75th | $80,000 | $6,666 | $1,538 | $38.46 |
| 90th | $114,000 | $9,500 | $2,192 | $54.81 |
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