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Beginning on July 1, 2021, Washington D.C. has the highest minimum wages in the country, at $16.50 per hour. [196] New York City's minimum wage for companies with 11 or more employees became $15.00 per hour on December 31, 2018. [197] On the same day, NYC's hourly minimum wage for companies with 10 or fewer employees became $13.50. [197]
As a reference point, the minimum wage rate in 2009 and 2017 was $7.25 per hour or $15,080 for the 2080 hours in a typical work year. The minimum wage is a little more than the poverty level for a single person unit and about 50% of the poverty level for a family of four.
If a black woman did the same thing, she would lose 19% of her wages. [79] Another study from the same year calculated that if female-dominated jobs did not pay lower wages, women's median hourly pay nationwide would go up 13.2% (men's pay would go up 1.1%, due to raises for men working in "women's jobs"). [80]
The New York City government's budget is the largest municipal budget in the United States, [2] totaling about $112.4 billion in 2024. It employs 250,000 people, spends $23.5 billion to educate more than 1.1 million children, levies $27 billion in taxes, and receives $14 billion from federal and state governments.
In second place, Rockford, IL—about 90 miles west of Chicago—homeowners pay a median 2.46% of their $140,300 home values in taxes, or $3,452 annually. Median annual real estate taxes top ...
On July 21, 2023, the OMB delineated seven combined statistical areas, 13 metropolitan statistical areas and 14 micropolitan statistical areas in New York. [1] As of 2023, the largest of these is the New York-Newark, NY-NJ-CT-PA CSA , which includes New York City and its surrounding suburbs; with over 21 million people, it is the largest ...
Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...
The intense development, urbanization and suburban sprawl of New York City makes it the most populated region in New York and the collective U.S., an estimated 20 to 30 million in the eight-state Megalopolis stretching 500 miles from Boston to Washington, D.C., with New York City in the middle has 15 million residents in a 100-mile radius ...