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.
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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