MINIMUM AND AVERAGE SALARY IN NEW YORK

New York City is the most famous, largest, and most economically developed city in the United States. In 2023, the population of the Big Apple is about 8.9 million people, more than twice the population of Los Angeles, which is in second place (4 million). When planning a job in the U.S., most often foreign job seekers pay attention to New York. This is not surprising.

Salary in New York

The scale of the local economy allows many foreigners to look for work in New York in a variety of fields, including medicine, information technology, finance, construction and tourism. Meanwhile, the city's average pay rate is higher than most major American metropolitan areas. Of course, getting a job and opening a work visa in the U.S. is not easy at all. Next, let's talk about minimum and average wages in New York City in 2023.

Minimum salary in New York City

According to the New York State Department of Labor, the minimum wage in all cities was expected to reach $15 an hour by 2023. Companies in Nassau, Suffolk, and Westchester counties joined New York City (small and large employers) and fast food establishments across the state in setting the minimum wage at $15 an hour. The rest of the employers also saw increases, but which have yet to reach the projected.

Note. New York's base minimum wage in 2023 is $14.20 per hour. The most recent increase (by $1) is December 31, 2022.

Directly in New York City, employers are required to pay employees a minimum of $15 per hour. In addition, the minimum wage may be adjusted slightly depending on the profession. This includes the construction industry, the hospitality industry (including fast food), agriculture and farming.

Under local law, New York City's minimum wage rates go up for overtime work. Workers must be paid at least $22.50 per hour if they work more than 40 hours per week. If the prime rate is $14.20 an hour, the amount goes down to $21.30 an hour.

Important. At the federal level, the U.S. minimum wage in 2023 is $7.25 per hour.

Note. New York employers who violate the minimum wage law face fines of up to 200% of the unpaid income to the employee, and in some cases there is even criminal liability.

Average salary in New York City

According to official figures from the U.S. Bureau of Statistics, the average pre-tax wage in New York City in 2023 is $75,400 a year (about $6,300 a month). The weekly rate is $1,450. The highest-paying occupations in New York City are doctors.

Specifically, anesthesiologists can expect an average annual income of around $271,500 and surgeons at $240,000. By comparison, police officers in New York City earn on average about $73,000 a year, janitors $33,500, waiters $31,300, and cashiers only $23,900.

SALARIES IN NEW YORK BY OCCUPATION *

OCCUPATION DOLLARS PER YEAR
Anesthesiologist 271,510
Surgeon 239,690
Orthodontist 234,900
Executive (manager) 217,650
Financial Manager 205,500
Advertising Managers 172,540
Lawyer 165,260
Financial analyst 134,560
Air traffic controller 129,460
Pharmacist 120,440
Airline pilot 114,440
Crane operator 103,530
Real estate sales agent 102,310
Architect 100,760
Accountant and auditor 95,430
Mechanical Engineer 15,400
Computer programmer 89,260
High school teacher 80,940
Electrician 76,480
Police officer 73,000
Firefighter 70,560
Fitness coach 60,730
Tax consultant 54,470
Builder 49,440
Sports coach 48,150
Flight Attendant 44,270
Travel agent 40,050
Cab Driver (chauffeur) 34,470
Security guard 34,390
Hairdresser 32,740
Bartender 31,510
Waiter 31,310
Cook 28,740
Retailer 28,110
Cashier 23,850

Note. *The average wages by occupation in New York City are pre-tax and are based on the most recent report from the U.S. Bureau of Statistics.

Finally, we note that the U.S. has progressive income tax rates. For example, in 2023, a single American worker with income up to $9,950 a year is charged 10%, and if the amount exceeds $523,601 the rate is already 37%.

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