New York County, New York: commercial real estate data.
New York County, New York had an estimated 1,660,664 residents on July 1, 2024, down 2.0 percent since the 2020 census base of 1,694,978, across 23 square miles. County output reached $1,006.67 bn in 2024, 93,904 establishments operate here, and the SBA record carries 2,558 7(a) approvals worth $1.19 bn since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New York County
How many people live in New York County
- Population, American Community Survey 2020-20241,629,477
- Households778,281
- Average household size2.09
- Median household income$103,931
- Median age38.9
- Median gross rent$2,197 per month
- Median owner-occupied home value$1,090,500
- Home value to household income10.5 times
- Annual rent as a share of median income25.4 percent
- Adults 25 and over with a bachelor degree or higher64.2 percent
- Adults 25 and over with a graduate degree31.3 percent
- Adults 25 and over1,261,727
- Population under 18226,180
- Share under 1813.9 percent
- Population 65 and over295,693
- Share 65 and over18.1 percent
- Working age population, 18 to 641,107,604
- Civilian labor force949,329
- Unemployment rate7.6 percent
- Labor force participation, adults 18 and over67.6 percent
- Rank by population among New York counties3rd of 62
- Rank by population among US county-equivalents, Puerto Rico included22nd of 3,222
New York County is the 3rd largest of 62 New York counties by population. A median home costs 10.5 times median household income, which is severely unaffordable by national standards. Residents 65 and over outnumber those under 18, at 18.1 percent against 13.9 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
New York County
Is New York County's population growing?
- Population, July 1, 20241,660,664
- Census 2020 base population1,694,978
- Population change since the 2020 census base-2.02 percent
- Population change, 2023 to 202427,435
- Births, 202413,030
- Deaths, 202410,442
- Natural change, 20242,588
- Net domestic migration, 2024-5,225
- Net international migration, 202430,106
- Total net migration, 202424,881
- Cumulative net domestic migration, 2021 to 2024-96,962
- Rank by growth among US county-equivalents2502nd of 3,144
The county has lost 2.02 percent of its population since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
New York County
Where are people moving to New York County from?
- Tax returns filed by households arriving77,870
- People arriving, from those returns97,244
- Tax returns filed by households leaving78,843
- Net household movement-973
- Adjusted gross income arriving$14.79 bn
- Net adjusted gross income movement$-3.67 bn
- Average income of an arriving household$189,885
- Average income of a leaving household$234,039
- Largest single originKings County (8,428 households)
- Largest single destinationKings County (13,067 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Kings County | 8,428 | 10,829 | $1.41 bn |
| Bronx County | 5,149 | 8,423 | $226.8 m |
| Queens County | 4,497 | 6,088 | $475.7 m |
| Westchester County | 2,569 | 3,496 | $670.2 m |
| Los Angeles County | 2,290 | 2,697 | $412.9 m |
| Nassau County | 2,088 | 2,637 | $371.7 m |
| Suffolk County | 1,733 | 2,486 | $1.06 bn |
| Hudson County | 1,657 | 2,079 | $233.5 m |
Households arriving report $44,154 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Kings County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
New York County
What is the New York County economy?
- County GDP, 2024$1,006.67 bn
- County GDP, 2023$935.67 bn
- GDP change, 2023 to 20247.6 percent
- GDP change over five years29.9 percent
- Rank by GDP among the New York areas BEA publishes1st of 62
- Rank by GDP among the US county areas BEA publishes1st of 3,127
- GDP per resident$617,789
Output grew 7.6 percent in the latest year and 29.9 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
New York County
Employment by industry in New York County
- Covered employment, annual average2,466,798
- Establishments reporting129,635
- Average annual pay$165,086
- Average weekly wage$3,175
- Professional, scientific and technical services, employment372,734
- Professional, scientific and technical services, average annual pay$198,744
- Finance and insurance, employment320,341
- Finance and insurance, average annual pay$413,881
- Health care and social assistance, employment263,763
- Health care and social assistance, average annual pay$86,698
- Accommodation and food services, employment212,903
- Accommodation and food services, average annual pay$54,770
- Information, employment191,793
- Administrative and support and waste management services, employment151,014
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Professional, scientific and technical services | 372,734 | 21,406 | $198,744 |
| Finance and insurance | 320,341 | 8,376 | $413,881 |
| Health care and social assistance | 263,763 | 8,703 | $86,698 |
| Accommodation and food services | 212,903 | 10,264 | $54,770 |
| Information | 191,793 | 6,466 | $226,782 |
| Administrative and support and waste management services | 151,014 | 6,322 | $86,722 |
| Educational services | 123,815 | 2,076 | $121,077 |
| Retail trade | 122,061 | 9,333 | $76,739 |
Professional, scientific and technical services is the largest private sector at 372,734 jobs, 15.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
New York County
How many businesses are in New York County?
- Establishments, all industries93,904
- Employment at those establishments2,322,720
- Annual payroll$339.41 bn
- Establishments per 1,000 residents57.6
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
New York County
Building permits in New York County
- Housing units authorized by permit, 20244,467
- Declared construction value permitted$690.5 m
- Single family units authorized0
- Multifamily units authorized4,467
- Multifamily share of units100.0 percent
- Average declared value per unit$154,567
- Units authorized per 1,000 households5.7
Multifamily is 100.0 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
New York County
SBA loans in New York County (7(a) and 504)
- 7(a) approvals recorded2,558
- 7(a) gross approval dollars$1.19 bn
- Average 7(a) approval$465,911
- Median 7(a) approval$159,000
- 10th percentile approval$25,000
- 90th percentile approval$1,000,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)28,277
- Jobs per approval11.1
- Distinct 7(a) lenders active152
- Distinct industries receiving approvals325
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer3.0 percent
- Loans on real estate terms77
- Loans on working capital terms, 120 months or shorter2,392
- Franchise loans87
- Franchise share of approvals3.4 percent
- Leading industry by approval countFull-Service Restaurants (203)
- Most active lenderTD Bank, National Association (455)
- 504 approvals recorded253
- 504 gross approval dollars$386.8 m
- Average 504 approval$1,528,834
- Median 504 approval$1,137,000
- Distinct CDCs active3
- 504 jobs per approval10.2
- 504 jobs per million dollars approved6.7
- Most active CDCEmpire State Certified Development Corporation (208)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.58 bn
The average approval of $465,911 sits well above the median of $159,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 3.0 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New York County
SBA loan default and charge-off rates in New York County
Do SBA loans in New York County get paid back?
- Loans with a final outcome recorded410
- Paid in full328
- Charged off82
- Charge-off rate on resolved loans20.0 percent
- Status: Charged off82
- Status: Exempt from disclosure1,543
- Status: Cancelled454
- Status: Paid in full328
- Status: Committed, not yet disbursed151
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 33 | 5 | 15.2% |
Of the 410 loans that have reached a final outcome, 20.0 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least 30 resolved loans, Full-Service Restaurants carries the highest charge-off rate at 15.2 percent.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New York County
SBA lending by place in New York County
- Borrower cities with recorded lending19
- New York, approvals2,500
- Manhattan, approvals32
- Brooklyn, approvals9
- Piscataway, approvals2
- Potsdam, approvals1
- Miami Beach, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| New York | 2,500 | $1,170,926,200 |
| Manhattan | 32 | $4,182,200 |
| Brooklyn | 9 | $6,530,000 |
| Piscataway | 2 | $500,000 |
| Potsdam | 1 | $4,850,000 |
| Miami Beach | 1 | $2,065,000 |
| Glen Ridge | 1 | $560,000 |
| Woodmere | 1 | $550,000 |
| 11 other borrower cities | 11 | $1,637,000 |
New York accounts for 2,500 approvals against 32 in Manhattan. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New York County
How large is New York County?
- Land area23 sq mi
- Rank by land area among New York counties62nd of 62
- Width, east to west7.4 mi
- Height, north to south14 mi
- Geographies sharing a boundary5
- Residents per square mile of land70,847
- Establishments per square mile4,082.78
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
New York County
Flood risk in New York County
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in New York County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The EPA places New York County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a New York County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a New York County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20241,629,477
- Households778,281
- Average household size2.09
- Median household income$103,931
- Median age38.9
Common questions
New York County questions, answered from the record.
How many people live in New York County, New York?
The Census Bureau estimates 1,660,664 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 1,629,477, in 778,281 households, ranking 3rd of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is New York County's population growing?
The population has fallen 2.02 percent since the 2020 census base of 1,694,978, to 1,660,664 on July 1, 2024. In 2024 there were 13,030 births against 10,442 deaths, with net migration of 24,881. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in New York County?
$103,931. The median owner-occupied home is valued at $1,090,500, which is 10.5 times income, and median gross rent is $2,197 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in New York County?
93,904 establishments, employing 2,322,720 people with an annual payroll of $339.41 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in New York County?
Professional, scientific and technical services is the largest private sector at 372,734 jobs, 15.1 percent of covered employment. Covered employment averages 2,466,798 jobs at an average annual pay of $165,086, or $3,175 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in New York County?
2,558 7(a) approvals totaling $1.19 bn since FY2020, across 152 lenders, with a median approval of $159,000, plus 253 504 approvals worth $386.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in New York County get paid back?
Of the 410 loans that have reached a final outcome, 328 were paid in full and 82 charged off, a charge-off rate of 20.0 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in New York County?
4,467 housing units were authorized by permit in 2024, with a declared construction value of $690.5 m. Multifamily was 100.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for New York County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to New York County come from?
The largest single origin is Kings County, with 8,428 households. Arriving households report an average income of $189,885 against $234,039 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for New York County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for New York County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
New York County
Cities and places in New York.
1 Census place lies wholly or partly in New York County. It carries enough published place level data for a page of its own and is linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| New York | city | 8,483,844 | 2,500 | 9.4 percent here, 36.3 percent Queens County, 23.4 percent Kings County, 17.0 percent Richmond County, 14.0 percent Bronx County |
A further 58 of the county's 2,558 SBA 7(a) approvals are to borrowers in cities that match no Census place in New York County, the largest being Manhattan (32), Brooklyn (9), Piscataway (2). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
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