Real Hourly Wage Growth in NYC, Three Time-Periods Comparison

Annualized growth rate

1.0%
2.8%
1.6%
0.3%
2.5%
1.5%
0.2%
1.7%
1.6%
1.0%
1.4%
1.9%
1.3%
2.9%
6.1%
Low
Lower-middle
Middle
Upper-middle
Top 3%
The top 3% represents the average of the top three percentiles of the wage distribution. Low wages represent the average of the 1st-20th percentile, lower-middle the average of 21st-40th percentile, middle the average 41st-60th percentile, and upper-middle the average 61st-80th percentile. Wages are adjusted for inflation using the 2024 Consumer Price Index for Wage Earners and Clerical Workers for the New York, New Jersey and Pennsylvania area.
Source: CNYCA analysis of Current Population Survey Outgoing Rotation Groups data.