45 counties · Boom Town Index

New York

Avg BTI Score
74 / 100
Population
19.2M
National Rank
#3 of 51

State Overview

New York's economy in 2025 and 2026 presents a mixed picture, with New York City outpacing national GDP and employment growth in some forecasts, yet facing challenges in affordability and job growth concentration. The city's economy expanded by 4.1% in 2024, with projections for continued outperformance in 2025 and 2026. However, job growth in New York City has slowed in 2025, with most gains concentrated in the education and health sectors, particularly home health care and individual and family services, which are among the lowest-wage industries. The financial sector, specifically the Securities Industry, has shown strong performance, fueling growth in both employment and compensation.

The real estate market, particularly in New York City, remains competitive. Median asking prices for homes in NYC saw a 2.3% year-over-year increase in May 2025, with Queens experiencing a 10.6% increase. Rents are also projected to continue climbing in New York City in 2026 due to limited apartment availability. Statewide, New York continues to experience a net outflow of residents, with U-Haul data indicating more people are leaving the state than moving in, often seeking more affordable living in states like Florida and Texas. To address housing shortages and affordability, Governor Hochul's FY26 budget includes over $1.5 billion in new state capital for housing initiatives and policies to disincentivize institutional investors from purchasing single and two-family homes en masse.

Median Household Income
$74,506
State median across 45 counties
Median Home Value
$222,900
Income-to-home ratio: 0.35
Building Permits
37,126
Total residential permits
Natural Amenity
5.5 / 10
#35 of 49 · USDA scale

New York Counties

45 counties
Rank County BTI Score Safety Proj. Growth GDP Pop Growth Income Ratio Home Price Climate P/R
01 Chemung County 100 B- +2.8% — -0.8% +0.4% 5.4x +6.2% -1.1 10x
02 St. Lawrence County 100 B+ +4.5% — -0.5% +1.5% 5.8x +6.2% -2.1 7x
03 Broome County 100 B+ +4.0% — -0.2% +2.5% 5.7x +6.8% -0.8 8x
04 Chautauqua County 99 B+ +4.1% — -0.6% +3.3% 6.4x +5.0% -0.3 10x
05 Otsego County 99 B+ +2.8% — +0.6% +2.7% 7.7x +4.8% -0.8 9x
06 Fulton County 98 B+ +3.7% — -0.6% +6.3% 9.3x +7.5% -0.2 13x
07 Oswego County 98 A +3.9% — +0.0% +1.1% 8.6x +8.1% -0.2 9x
08 Putnam County 97 A +3.1% — +0.1% -0.9% 24.8x +5.7% 0.4 14x
09 Jefferson County 96 A +3.7% — -0.9% +2.0% 9.3x +6.1% -1.3 10x
10 Cattaraugus County 95 B +2.6% — -0.4% +2.2% 5.5x +4.9% -0.3 12x
11 Genesee County 95 B+ +3.4% — -0.3% +1.8% 7.1x +5.8% -2.9 15x
12 Madison County 95 B+ +4.0% — -0.4% +3.2% 10.3x +6.7% -0.9 12x
13 Wayne County 94 B +3.9% — -0.2% +0.8% 9.1x +6.1% -0.5 15x
14 Rockland County 93 A +2.7% — +0.9% -0.6% 21.9x +4.9% 0.8 16x
15 Herkimer County 92 B +4.3% — -0.3% -0.5% 10.6x +6.9% -1.6 15x
16 Ontario County 92 B+ +2.5% — +0.2% +3.1% 7.0x +6.1% -0.7 10x
17 Suffolk County 91 B+ +3.1% — +0.3% +1.8% 15.8x +3.7% 1.5 15x
18 Onondaga County 89 C +4.2% — -0.1% +3.0% 5.1x +6.5% -2.3 10x
19 Bronx County 88 C +2.2% — -1.0% -0.7% 29.2x +5.9% 1.0 16x
20 Niagara County 87 C+ +2.9% — -0.3% +2.7% 9.9x +5.5% -0.5 13x
21 Ulster County 86 A +2.6% — +0.3% +5.5% 16.8x +3.4% 0.7 15x
22 Westchester County 86 B+ +3.1% — +0.3% +0.5% 16.1x +7.2% 0.8 18x
23 Clinton County 86 B+ +2.5% — -0.6% +2.9% 7.2x +6.3% -0.3 15x
24 Dutchess County 85 B+ +2.7% — +0.4% +2.3% 13.9x +5.7% -0.1 16x
25 Rensselaer County 80 B +2.7% — -0.0% +1.4% 9.9x +6.2% -0.5 14x
26 Saratoga County 79 A +2.4% — +0.5% +1.1% 12.8x +5.7% 0.1 16x
27 Oneida County 78 B +3.9% — -0.2% +1.9% 6.5x +6.6% -1.6 10x
28 Nassau County 76 A +3.0% — +0.1% +1.9% 18.7x +5.5% 0.8 16x
29 Columbia County 72 B +2.0% — -0.2% -2.5% 17.2x +5.8% -0.3 13x
30 Kings County 69 C+ +2.1% — -0.6% +2.2% 41.8x +5.0% -0.2 20x
31 Livingston County 68 B +3.3% — -0.1% +2.1% 9.3x +4.1% -0.9 16x
32 Schenectady County 61 B+ +3.2% — +0.5% +3.4% 8.3x +5.3% -2.1 13x
33 Albany County 56 B +2.3% — +0.5% +2.6% 4.6x +4.3% 0.3 15x
34 Erie County 55 C +2.4% — +0.1% +2.3% 6.8x +3.8% -0.7 13x
35 Monroe County 52 C +3.0% — -0.0% +2.6% 6.0x +4.7% -0.8 12x
36 New York County 52 B+ +1.3% — +0.1% -0.6% 4.0x +3.0% -0.3 19x
37 Orange County 48 B+ +2.6% — +0.7% +0.7% 15.9x +4.0% 0.1 14x
38 Richmond County 48 B +1.9% — +0.5% +0.0% 36.1x +5.4% 0.2 22x
39 Cayuga County 45 B+ +2.7% — -0.5% +2.0% 8.0x +6.0% -1.4 15x
40 Steuben County 38 B- +0.6% — -0.5% +1.8% 4.8x +4.7% -0.8 8x
41 Sullivan County 38 B- +2.2% — +0.7% +3.7% 11.0x +5.0% 0.1 11x
42 Queens County 30 B+ +1.1% — -0.3% +1.4% 31.5x +4.7% 0.0 18x
43 Tompkins County 30 A +2.6% — +1.6% +1.4% 8.8x +3.8% -0.3 12x
44 Warren County 22 B+ +2.0% — -0.1% +0.3% 7.7x +6.3% 0.0 20x
45 Washington County 3 B +1.1% — -0.6% +1.6% 13.5x +4.2% -0.6 16x

Capital Investment in New York

Tracked Projects · Public Records
$351.1B
Total tracked investment
55,486
Jobs announced
176
Projects across 39 counties

Where the money is going

Data Centers $139.4B 40%
Manufacturing $120.6B 34%
Energy $80.5B 23%
Commercial/Residential $6.1B 2%
Infrastructure $2.0B 1%

Top counties by investment

  1. 01 Onondaga County $100.3B
    5 projects · 9,029 jobs
  2. 02 Sullivan County $65.3B
    4 projects · 2,750 jobs
  3. 03 New York County $61.1B
    6 projects
  4. 04 Wayne County $33.3B
    3 projects
  5. 05 Queens County $23.3B
    6 projects · 15,300 jobs
  6. 06 Saratoga County $17.1B
    4 projects · 2,000 jobs

Largest projects in New York

Project County Amount Status
Micron Technology Semiconductor Facility
Micron Technology · Manufacturing · 9,000 jobs
 Onondaga County $100.0B Under Construction
Heartland Industrial Park Data Center Campus
Undisclosed (first tenant is a $65B private investment) · Data Centers · 2,750 jobs
 Sullivan County $65.0B Under Construction
Anthropic/Fluidstack New York Data Centers (AI Infrastructure)
Anthropic, Fluidstack · Data Centers
 New York County $50.0B Planned
R.E. Ginna Nuclear Power Plant License Extension
Constellation Energy Generation LLC · Energy
 Wayne County $33.0B Planned
Ravenswood Generating Station Redevelopment & Offshore Wind Hub (Queensboro Renewable Express)
Rise Light & Power, TotalEnergies, Corio Generation · Energy · 8,300 jobs
 Queens County $20.0B Planned
GlobalFoundries Fab 8 Expansion
GlobalFoundries · Manufacturing · 1,000 jobs
 Saratoga County $15.0B Planned
New Advanced Nuclear Power Plant (Upstate New York)
New York Power Authority (NYPA) · Energy
 New York County $10.0B Proposed
STAMP Data Center Campus (Stream Data Centers)
Stream Data Centers · Data Centers · 122 jobs
 Genesee County $6.3B Planned
→ Methodology · How We Tracked $4T Across 858 Counties

Source: public records, corporate announcements, state EDC filings. Tracking projects with $25M+ in announced investment or 500+ jobs. Some figures are estimates where exact totals weren't disclosed.

New York shaded relief terrain map
SRTM 30m shaded relief
State Spotlight · 2026-04-29

New York City housing market tightens as state population shifts

What's driving growth

New York City's economy is projected to outpace national GDP and employment growth in 2025 and 2026. The financial sector, particularly the Securities Industry, has demonstrated strong performance, contributing to employment and compensation growth. Investment in innovation industries such as life sciences, green economy, tech, and AI is also a focus for job creation in New York City.

Housing market right now

New York City's median asking home price increased by 2.3% year-over-year in May 2025, reaching $1.1 million. Queens saw a significant 10.6% year-over-year increase in its median asking price to $695,000. Rents in New York City are expected to continue rising in 2026 due to a shortage of available apartments.

Migration patterns

New York State continues to experience a net outflow of residents, ranking 47th in U-Haul's 2025 Growth Index. Many residents are moving to states like Florida and Texas, seeking greater affordability. Nationally, Census data from April 2020 through July 2025 shows New York with a 5.5% decrease in domestic net migration as a share of its state population.

Headwinds

Job growth in New York City has slowed in 2025, with gains concentrated in lower-wage sectors like education and health. New York City's economy is expected to face continued slow growth or a contraction in 2026. Federal policy changes, including tariffs and trade agreements, have introduced uncertainty and disrupted supply chains for key sectors.

Key facts

  • New York's minimum wage will increase to $17 per hour in New York City, Nassau, Suffolk, and Westchester counties, and $16 per hour in the rest of the state, effective January 1, 2026.
  • The exempt salary threshold for administrative and executive employees in New York City, Nassau, Suffolk, and Westchester counties will increase to $66,300 per year, effective January 1, 2026.
  • New York State will invest over $600 million in more than 180 paving projects across the state during the 2026 construction season.
  • New York City's Ten-Year Capital Strategy (FY26-2035) outlines an allocation of $173.4 billion for infrastructure improvements, including housing, roadways, and transportation systems.
  • New York State enacted legislation in December 2025 prohibiting employers from requiring "employment promissory notes" that obligate repayment of training costs if an employee leaves before a set period.
Updated 2026-04-29 · grounded research
14 sources
  1. edc.nyc
  2. nyc.gov
  3. modernrealtyusa.com
  4. noradarealestate.com
  5. youtube.com
  6. fox13news.com
  7. ny.gov
  8. ftportfolios.com
  9. centernyc.org
  10. reedsmith.com
  11. fisherphillips.com
  12. ny.gov
  13. nyc.gov
  14. licomplaw.com

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