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.
HousingLong Island Households with Housing Costs Burdens
Nearly 20 percent of the population spends at least 50 percent of their income on housing costs.
HousingMedian Household Income and Rent
Since 2010, rent has increased 9 percent, while income has only risen 5 percent.
HousingMedian Home Value, Adjusted for Inflation
Home values on Long Island have dropped.