Market Information

New York City

The New York-Newark-Jersey City, NY-NJ-PA MSA is the most populous MSA in the United States, with the highest population density per square mile. The metropolitan area includes New York City (the most populous city in the United States), Long Island, and the Mid and Lower Hudson Valley in the state of New York; the five largest cities in New Jersey: Newark, Jersey City, Paterson, Elizabeth, and Edison, and their vicinities; and six of the seven largest cities in Connecticut: Bridgeport, New Haven, Stamford, Waterbury, Norwalk, and Danbury.


The New York MSA is one of the most important and significant economic regions in the world. It is an international center for numerous industries, including finance, international trade, new and traditional media, real estate, education, fashion, entertainment, tourism, biotechnology, law, and manufacturing, and has a GDP exceeded by only nine nations. Impressively, the GDP of the NYC metro area is higher than that of Australia, Mexico, and Spain, among others.

New York City is the home of many Fortune 500 and foreign companies and has the largest foreign-born population of any MSA in the world. The New York metropolitan area was also home to seven of the 25 wealthiest counties in the United States by median household income, according to the American Community Survey. According to Forbes, in 2014, the New York City metropolitan area was home to eight of the top ten ZIP codes in the United States by median housing price, with six in Manhattan alone. The New York Metropolitan Area also houses five of the top ten richest places in America, according to Bloomberg.


  • Population Total: 20,320,876
  • Owner Occupied Housing Units: 4,118,077
  • Owner Occupied Housing Rate: 51.58%
  • Median Housing Value (Owner Occ.): $376,000
  • Total Housing Units (2017): 7,983,552
  • Median Gross Rent / Month (Residential): $1,307
  • Median HH Income: $75,585
  • Retail Sales Total: $270.75B
  • Retail Sales Per Capita: $13,949
  • Retail Sales Per Capita Rank: 8th of 25

Economic Metrics

  • Number of Employees: 9,800,000
  • Payroll: $564.45B
  • Un-employment Rate: 4.2%

Largest Industries

  1. Educational Sciences and Healthcare (2,500,000)
  2. Professional, Scientific, Management, Admin., Waste Mgmt. (1,320,000)
  3. Retail Trade (1,030,000)

Largest Employers

  1. JPMorgan Chase & Co (249,257)
  2. Citi (219,000)
  3. ABM Industries (110,000)