New York, NY metro area
The New York metro area, officially New York-Newark-Jersey City, NY-NJ, is home to 20.1 million people, up 1.7% since 2021. In 2025 its typical household earned $102,139, above the U.S. median of $84,780, and the median rent was $1,932 a month.
Compare New York with another metro ↗ See the national rent report ↗
What it takes to live here
Rent and home prices measured against what local households earn.
To keep rent at the common guideline of 30% of income, a household would need about $77,300 a year to afford the median rent in the New York area (U.S.: $62,300). In practice, the typical renter here spends 31.6% of household income on rent, the 151st highest share of 393 metro areas, and 53% of renter households pay 30% or more (U.S.: 52%).
For buyers, the median home value of $691,700 is 6.8 times the median household income, compared with 4.4 times nationally, which makes ownership comparatively hard to reach.
How it has changed
Change since 2021 compared with the whole United States.
Since 2021, rent in the New York area has risen +20.8% while household income changed +21.0%. Rents and incomes have moved roughly together.
| 2021 | 2024 | 2025 | Change since 2021 | |
|---|---|---|---|---|
| Median household income | $84,409 | $99,852 | $102,139 | +21.0% |
| Median rent | $1,600 | $1,851 | $1,932 | +20.8% |
| Median home value | $533,700 | $648,800 | $691,700 | +29.6% |
| Population | 19,768,458 | 19,940,274 | 20,112,448 | +1.7% |
Who lives and works here
Education, jobs and commuting compared with the national picture.
| New York | United States | |
|---|---|---|
| Median age | 39.3 | 39.5 |
| Adults 25+ with a bachelor’s degree or higher | 46.2% | 37.4% |
| Unemployment rate | 5.8% | 4.9% |
| Poverty rate | 12.3% | 11.8% |
| Workers who work from home | 12.4% | 12.9% |
| Average one-way commute | 36.8 min | 27.4 min |
| Households that rent | 49% | 35% |
Where New York ranks
Position among all 393 U.S. metropolitan areas with 2025 1-year data.
| Measure | Rank among 393 U.S. metro areas |
|---|---|
| Median household income | 29th highest |
| Median rent | 26th highest |
| Median home value | 19th highest |
| Rent as share of income | 151st highest |
| Population | 1st largest |
| Population growth since 2021 | 212th fastest |
Similar-sized metro areas
The metros closest in population, side by side.
| Metro area | Income | Rent | Home value | Rent / income |
|---|---|---|---|---|
| New York, NY | $102,139 | $1,932 | $691,700 | 31.6% |
| Los Angeles, CA | $100,145 | $2,170 | $925,900 | 33.5% |
| Chicago, IL | $93,989 | $1,620 | $347,700 | 30.6% |
| Dallas, TX | $94,702 | $1,744 | $392,000 | 31.3% |
| Houston, TX | $86,853 | $1,550 | $329,000 | 31.5% |
| Atlanta, GA | $94,096 | $1,813 | $407,900 | 31.9% |
| Washington, DC | $131,346 | $2,168 | $612,500 | 29.4% |
New York at a glance
What salary do you need to live in New York?+
To pay the 2025 median rent of $1,932 a month while spending no more than 30% of income on rent, a household needs about $77,300 a year. The median household income in the New York metro area is $102,139.
How much is rent in New York?+
The median gross rent (rent plus utilities) in the New York metro area was $1,932 a month in 2025, according to the Census Bureau, compared with $1,557 nationally. It has changed +20.8% since 2021.
Is New York affordable?+
Renters in the New York area spend a median 31.6% of income on rent (U.S. 30.9%), and the median home costs 6.8 times the median income (U.S. 4.4). By both measures it is more expensive than the national average.
What is the median household income in New York?+
$102,139 in 2025, +21.0% since 2021. That ranks 29th of 393 U.S. metro areas.
Source: U.S. Census Bureau, American Community Survey 2025 1-year estimates (released September 2026), with 2024 and 2021 for trends. Figures are survey estimates with margins of error; small differences between metros may not be meaningful. Metro areas use the official Metropolitan Statistical Area boundaries. Compiled and analyzed by Metro Research. Methodology.