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New York City

City in New York · Wikipedia

Part of: Bronx County · New York

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8,516,202 Population FY 2023
0.9% Fund Balance FY 2025
$24,701 Per-Capita Spending FY 2025
3.8% Debt Service FY 2025
Data comparability note: Consolidated city-county-school district. NYC's General Fund includes K-12 education (DOE, ~$34B), courts, district attorneys, and public welfare — functions handled at the county or school district level in other cities. This makes per-capita spending roughly 2-3x higher than otherwise comparable cities. Fund Balance % reflects only the Committed General Fund (Revenue Stabilization Fund, ~$2B); NYC's larger reserves are classified as Restricted and are not included.

Tax Snapshot (Beta)

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for New York and New York City.

Component Summary Effective Coverage Sources
NY state personal income tax NY uses a progressive bracket schedule (4.00% to 10.90% on the current IT-201 schedule). Tax year 2025 schedule; statutory update starts for tax years beginning after 2025. Source verified IT-201-I (2025 PDF); Tax Law §601
NY state sales and use tax (base) NY state base sales and use tax rate is 4%; local rates are additive by jurisdiction. In effect as of January 1, 2026. Loaded New York State Department of Taxation and Finance sales tax rates
NY state-level property tax policy In New York, real property tax is raised and spent locally by counties, cities, towns, villages, school districts, and special districts; there is no single statewide property-tax rate. Property-tax guidance page updated July 26, 2024 (accessed April 19, 2026). Needs review NY property taxes overview; ORPTS tax bill calculation guide
NYC resident income tax rule reference NYC residents must report NYC resident income tax; current schedule is bracketed (3.078% to 3.876%). Tax year 2025 (returns filed in 2026). Source verified NYC and Yonkers residents guidance; IT-201-I (2025 PDF)

Community Profile

Census Bureau ACS 5-year estimates

17.4% Poverty Rate 2023
41.0% Bachelor's+ Rate 2023
7.7% Unemployment Rate 2023
32.8% Homeownership Rate 2023
Median Household Income
$79,713 (2023)
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2010 2023
Per Capita Income
$50,776 (2023)
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2010 2023
Median Home Value
$751,700 (2023)
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2010 2023
Median Gross Rent
$1,779 (2023)
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2010 2023
Median Age
38.0 (2023)
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2010 2023
Gini Index
0 = perfect equality · 1 = perfect inequality
0.6 (2023)
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2010 2023
Financial Documents (23)
Year Title Type
2025 New York City ACFR 2025 NYC_ACFR
2024 New York City ACFR 2024 NYC_ACFR
2023 New York City Census ACS 5-Year Estimates 2023 US_CENSUS_ACS5
2023 New York City ACFR 2023 NYC_ACFR
2022 New York City Census ACS 5-Year Estimates 2022 US_CENSUS_ACS5
Governance & Structure
Governance Structure
Structure
Strong mayor
Fiscal Autonomy
Not specified
ICMA Recognition
—
Notes
Strong Mayor form; Big Five city; largest city in US
School Details

Not applicable for this entity type.

Geographic Relationships

This entity is within

Data: NYS Comptroller · CA State Controller · US Census Bureau benchmarkusa.org