Long Island statistics: Economy
Economy
Monitor Long Island’s economic indicators and latest coverage here. An indicator is a data point used to interpret and help judge the overall health of an economy. It’s a snapshot based on government-collected numbers analyzed to see how a region, in this case Long Island, compares with both itself and other places nearby and nationally over time.
Unemployment rate
Not seasonally adjusted. According to the latest annual data available, New York unemployment rate is 4.6%, Nassau County unemployment rate is 3.1% and Suffolk County unemployment rate is 3.4%.
Latest on unemploymentMedian household income
Inflation-adjusted. According to the latest ACS data available from 2022, New York median income is $95,866, Nassau County median income is $136,984 and Suffolk County median income is $119,838.
Latest on median incomeAverage annual wage
Wages have inched up on Long Island, but at a lower rate than in Westchester or Manhattan. According to the latest data available, New York average annual wage is $157,265.33, Nassau County average annual wage is $74,458.67 and Suffolk County average annual wage is $72,470.67.
Latest on wages