The PayScale Index (US): Trends in Compensation

2012: Earnings for New Yorkers continued their wage growth from mid-2011 during the first quarter of 2012. The quarter-over-quarter increase in wages was 0.8 percent, while year-over-year growth was more than 1 percent.

2007-2011: Despite being at the center of the financial industry turmoil, changes in the wage of a typical New York area worker have stayed fairly close to U.S. national trends in the last few years. New Yorkers enjoyed a faster rise in wages during 2007. This advantage was all given back during 2008, and NYC wages followed the rest of the country downward in 2009.

2010 was slightly positive for NYC, with wages through the end of the year showing a consistent, though slow, upward trend, outperforming the national trends in The PayScale Index. Drops suffered in Q2 2011 threatened to drag wages back down but were quickly recovered in the latter half of 2011 .

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The New York Metro Area includes people in New York, NY; Long Island, NY; northern New Jersey; Pike County, Pa; and the surrounding areas.

The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The PayScale Index uses 2006 average total cash compensation as a baseline.

See full methodology for compensation trend reports.

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