According to the Bureau of Economic Analysis, in 2001, New York had a per capita personal income (PCPI) of $35,878 which ranked 5th in the United States (including the District of Columbia) and was 118% of the national average, $30,413. The 2001 PCPI reflected an increase of 2.4% from 2000 compared to the national change of 2.2%. In 2001, New York had a total personal income (TPI) of $684,703,928,000 which ranked 2nd in the United States and accounted for 7.9% of the national total. The 2001 TPI reflected an increase of 2.8% from 2000 compared to the national change of 3.3%.
Earnings of persons employed in New York increased from $501,698,617,000 in 2000 to $514,032,731,000 in 2001, an increase of 2.5%. The largest industries in 2001 were services, 31.1% of earnings; finance, insurance, and real estate, 23.2%; and state and local government, 11.6%. Of the industries that accounted for at least 5% of earnings in 2001, the slowest growing from 2000 to 2001 was wholesale trade (5.2% of earnings in 2001), which decreased 2.5%; the fastest was services, which increased 3.3%.
According to data released by the US Census Bureau, in 2000, the median household income was $41,605 compared to the national average of $42,148. In 2001, the median income for a family of four was $66,498 compared to the national average of $63,278. For the period 1999 to 2001, the average poverty rate was 14.1% which placed it 41st among the 50 states and the District of Columbia ranked lowest to highest.