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Inflation Up 23%, Median Income Grows Only 2%

5/9/2026

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Story summary
  • The New York State Comptroller’s Office reported that inflation rose 23.1% from 2019 to 2024 while median household income grew only $1,688 (2%).
  • Median income fell in 23 of 62 counties, with Tioga County down $4,794 (6.2%) and Greene County up $11,978 (18.2%).
  • Brooklyn’s and Queens’ incomes rose $6,136 (8.3%) and $1,628 (1.9%) respectively.
  • Manhattan, the Bronx and Staten Island each saw income declines.