Report Finds Many New Yorkers’ Incomes Not Keeping Pace with Inflation

Median household incomes grew in every New York county from 2019-2024; however, they did not keep pace with the cost of living when adjusting for the 23.1% inflation during that time period. Those of the findings in a new report from State Comptroller Thomas DiNapoli. He says the inflation-adjusted — or “real” — median household income increased by $1,688 (2%) from 2019-2024. But that figure declined in 23 of the state’s 62 counties. In Chautauqua County, the real median household income increased by 1.3% during that time…

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