Queens County, New York: commercial real estate data.
Queens County, New York had an estimated 2,316,841 residents on July 1, 2024, down 3.7 percent since the 2020 census base of 2,405,424, across 109 square miles. County output reached $143.13 bn in 2024, 51,188 establishments operate here, and the SBA record carries 1,994 7(a) approvals worth $782.1 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Queens County
How many people live in Queens County
- Population, American Community Survey 2020-20242,323,052
- Households841,003
- Average household size2.76
- Median household income$86,136
- Median age40.7
- Median gross rent$1,956 per month
- Median owner-occupied home value$723,800
- Home value to household income8.4 times
- Annual rent as a share of median income27.2 percent
- Adults 25 and over with a bachelor degree or higher36.1 percent
- Adults 25 and over with a graduate degree14.0 percent
- Adults 25 and over1,698,409
- Population under 18453,675
- Share under 1819.5 percent
- Population 65 and over413,538
- Share 65 and over17.8 percent
- Working age population, 18 to 641,455,839
- Civilian labor force1,211,336
- Unemployment rate7.2 percent
- Labor force participation, adults 18 and over64.8 percent
- Rank by population among New York counties2nd of 62
- Rank by population among US county-equivalents, Puerto Rico included12th of 3,222
Queens County is the 2nd largest of 62 New York counties by population. A median home costs 8.4 times median household income, which is severely unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 19.5 percent against 17.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Queens County
Is Queens County's population growing?
- Population, July 1, 20242,316,841
- Census 2020 base population2,405,424
- Population change since the 2020 census base-3.68 percent
- Population change, 2023 to 202422,159
- Births, 202423,725
- Deaths, 202414,694
- Natural change, 20249,031
- Net domestic migration, 2024-30,918
- Net international migration, 202444,137
- Total net migration, 202413,219
- Cumulative net domestic migration, 2021 to 2024-215,701
- Rank by growth among US county-equivalents2849th of 3,144
The county has lost 3.68 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.
Queens County
Where are people moving to Queens County from?
- Tax returns filed by households arriving46,529
- People arriving, from those returns68,467
- Tax returns filed by households leaving71,674
- Net household movement-25,145
- Adjusted gross income arriving$3.28 bn
- Net adjusted gross income movement$-2.45 bn
- Average income of an arriving household$70,474
- Average income of a leaving household$79,930
- Largest single originKings County (12,375 households)
- Largest single destinationNassau County (11,798 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Kings County | 12,375 | 19,316 | $762.9 m |
| New York County | 6,518 | 8,750 | $659.5 m |
| Nassau County | 4,681 | 7,386 | $330.4 m |
| Bronx County | 2,780 | 4,564 | $132.1 m |
| Suffolk County | 1,814 | 2,685 | $131.4 m |
| Westchester County | 799 | 1,144 | $65.4 m |
| Hudson County | 786 | 1,082 | $65.9 m |
| Los Angeles County | 550 | 704 | $46.0 m |
Households arriving report $9,456 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.
Queens County
What is the Queens County economy?
- County GDP, 2024$143.13 bn
- County GDP, 2023$137.08 bn
- GDP change, 2023 to 20244.4 percent
- GDP change over five years38.4 percent
- Rank by GDP among the New York areas BEA publishes3rd of 62
- Rank by GDP among the US county areas BEA publishes32nd of 3,127
- GDP per resident$61,613
Output grew 4.4 percent in the latest year and 38.4 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.
Queens County
Employment by industry in Queens County
- Covered employment, annual average770,653
- Establishments reporting58,150
- Average annual pay$67,719
- Average weekly wage$1,302
- Health care and social assistance, employment217,069
- Health care and social assistance, average annual pay$51,929
- Transportation and warehousing, employment76,075
- Transportation and warehousing, average annual pay$83,721
- Retail trade, employment57,604
- Retail trade, average annual pay$44,934
- Accommodation and food services, employment57,028
- Accommodation and food services, average annual pay$35,470
- Construction, employment50,770
- Administrative and support and waste management services, employment36,550
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 217,069 | 5,883 | $51,929 |
| Transportation and warehousing | 76,075 | 2,466 | $83,721 |
| Retail trade | 57,604 | 6,836 | $44,934 |
| Accommodation and food services | 57,028 | 5,899 | $35,470 |
| Construction | 50,770 | 5,919 | $91,560 |
| Administrative and support and waste management services | 36,550 | 2,179 | $54,985 |
| Other services, except public administration | 26,136 | 5,759 | $40,560 |
| Professional, scientific and technical services | 22,810 | 4,729 | $76,266 |
Health care and social assistance is the largest private sector at 217,069 jobs, 28.2 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Queens County
How many businesses are in Queens County?
- Establishments, all industries51,188
- Employment at those establishments616,045
- Annual payroll$35.02 bn
- Establishments per 1,000 residents22.0
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.
Queens County
Building permits in Queens County
- Housing units authorized by permit, 20245,302
- Declared construction value permitted$827.1 m
- Single family units authorized56
- Multifamily units authorized5,246
- Multifamily share of units98.9 percent
- Average declared value per unit$156,002
- Units authorized per 1,000 households6.3
Multifamily is 98.9 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Queens County
SBA loans in Queens County (7(a) and 504)
- 7(a) approvals recorded1,994
- 7(a) gross approval dollars$782.1 m
- Average 7(a) approval$392,237
- Median 7(a) approval$120,000
- 10th percentile approval$25,000
- 90th percentile approval$1,014,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)14,257
- Jobs per approval7.1
- Distinct 7(a) lenders active109
- Distinct industries receiving approvals350
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.6 percent
- Loans on real estate terms192
- Loans on working capital terms, 120 months or shorter1,767
- Franchise loans63
- Franchise share of approvals3.2 percent
- Leading industry by approval countFull-Service Restaurants (107)
- Most active lenderTD Bank, National Association (620)
- 504 approvals recorded291
- 504 gross approval dollars$375.3 m
- Average 504 approval$1,289,646
- Median 504 approval$929,000
- Distinct CDCs active3
- 504 jobs per approval9.6
- 504 jobs per million dollars approved7.5
- Most active CDCEmpire State Certified Development Corporation (245)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.16 bn
The average approval of $392,237 sits well above the median of $120,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 9.6 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.
Queens County
SBA loan default and charge-off rates in Queens County
Do SBA loans in Queens County get paid back?
- Loans with a final outcome recorded325
- Paid in full224
- Charged off101
- Charge-off rate on resolved loans31.1 percent
- Status: Paid in full224
- Status: Cancelled325
- Status: Exempt from disclosure1,226
- Status: Charged off101
- Status: Committed, not yet disbursed118
Of the 325 loans that have reached a final outcome, 31.1 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.
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.
Queens County
SBA lending by place in Queens County
- Borrower cities with recorded lending63
- Flushing, approvals255
- Long Island City, approvals179
- Jamaica, approvals171
- Astoria, approvals169
- Woodside, approvals79
- Queens Village, approvals78
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Flushing | 255 | $133,651,400 |
| Long Island City | 179 | $111,100,300 |
| Jamaica | 171 | $63,214,500 |
| Astoria | 169 | $47,223,900 |
| Woodside | 79 | $35,903,500 |
| Queens Village | 78 | $33,478,100 |
| Fresh Meadows | 65 | $15,609,600 |
| Ridgewood | 59 | $18,656,700 |
| 55 other borrower cities | 939 | $323,281,600 |
Flushing accounts for 255 approvals against 179 in Long Island City. 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.
Queens County
How large is Queens County?
- Land area109 sq mi
- Rank by land area among New York counties58th of 62
- Width, east to west13.7 mi
- Height, north to south17.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land21,312
- Establishments per square mile469.61
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.
Queens County
Flood risk in Queens 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 Queens County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The EPA places Queens 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 Queens 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 Queens County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20242,323,052
- Households841,003
- Average household size2.76
- Median household income$86,136
- Median age40.7
Common questions
Queens County questions, answered from the record.
How many people live in Queens County, New York?
The Census Bureau estimates 2,316,841 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 2,323,052, in 841,003 households, ranking 2nd of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Queens County's population growing?
The population has fallen 3.68 percent since the 2020 census base of 2,405,424, to 2,316,841 on July 1, 2024. In 2024 there were 23,725 births against 14,694 deaths, with net migration of 13,219. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Queens County?
$86,136. The median owner-occupied home is valued at $723,800, which is 8.4 times income, and median gross rent is $1,956 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Queens County?
51,188 establishments, employing 616,045 people with an annual payroll of $35.02 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 Queens County?
Health care and social assistance is the largest private sector at 217,069 jobs, 28.2 percent of covered employment. Covered employment averages 770,653 jobs at an average annual pay of $67,719, or $1,302 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Queens County?
1,994 7(a) approvals totaling $782.1 m since FY2020, across 109 lenders, with a median approval of $120,000, plus 291 504 approvals worth $375.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Queens County get paid back?
Of the 325 loans that have reached a final outcome, 224 were paid in full and 101 charged off, a charge-off rate of 31.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Queens County?
5,302 housing units were authorized by permit in 2024, with a declared construction value of $827.1 m. Multifamily was 98.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Queens 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 Queens County come from?
The largest single origin is Kings County, with 12,375 households. Arriving households report an average income of $70,474 against $79,930 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Queens 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 Queens 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.
Queens County
Cities and places in Queens.
1 Census place lies wholly or partly in Queens 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 | 4 | 36.3 percent here, 23.4 percent Kings County, 17.0 percent Richmond County, 14.0 percent Bronx County, 9.4 percent New York County |
A further 1,990 of the county's 1,994 SBA 7(a) approvals are to borrowers in cities that match no Census place in Queens County, the largest being Flushing (255), Long Island City (179), Jamaica (171). 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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