Economy indicators

An economic 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.

GDP Growth, Indexed to 2000

Long Island’s Gross Domestic Product growth tracks alongside the nation’s, but the rate of growth is slower.

Employment Rate, Indexed to 2000

Since 2010, New York City’s employment has grown by 20 percent, while Long Island’s has only grown by 10 percent.

Average Annual Wage, In 2017 Dollars

Compared to the United States, Long Islanders earn more. However, both counties lag behind Westchester County in annual wage.

Annual Wage Growth, Indexed to 2001

Suffolk County’s wages are growing faster than Nassau County’s since 2001.

Household income

Long Island's median income is on average 30% higher than NYS median income.

Household Income Distribution, Adjusted for Inflation

Households earning more than $100,000 make up more than half of Long Island’s population, while one quarter of the population is earning less than $50,000.