ALBANY – Median household incomes increased in every county in the state between 2019 and 2024, but many residents still lost ground when rising costs are taken into account, according to a report released by State Comptroller Thomas P. DiNapoli.
The Comptroller found that inflation-adjusted, or “real,” median household income rose statewide by $1,688, or 2%, during the five years. Inflation, however, climbed 23.1%, outpacing income growth in many parts of the state.
“Household incomes for too many New Yorkers have not kept pace with the stubborn inflation we continue to feel today,” DiNapoli said in a statement. “When real incomes decline, people struggle to maintain the same quality of life.”
The analysis found that real median household income declined in 23 of New York’s 62 counties.
Tioga County posted the largest decrease, falling $4,794, or 6.2%. Rockland County had the second-largest drop by dollar amount at $4,526, while Chemung County saw the second-largest percentage decline at 5.8%.
Greene and Ulster counties recorded the largest gains in real household income. Greene County increased by $11,978, or 18.2%, the highest in the state, while Ulster County rose by $7,132, or 9%.
DiNapoli said the findings underscore the need to address affordability challenges and support the growth of higher-paying jobs across the state.
“Continued focus on addressing the state’s affordability challenges, as well as efforts to increase the growth of well-paying jobs across the state, are needed to ensure that all residents have the opportunity to thrive,” he said.
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