Median incomes in state not keeping pace with inflation, DiNapoli says
Despite median household incomes increasing in every county from 2019 to 2024, they did not keep pace with the cost of living when adjusting for the 23.1% inflation during that time period, according to a report by state Comptroller Thomas P. DiNapoli. “Household incomes for too many New Yorkers have not kept pace with the stubborn inflation we continue to feel today,” DiNapoli said. “When real incomes decline, people struggle to maintain the same quality of life. Continued focus on addressing the state’s affordability challenges, as well as efforts to increase the growth of ...