Average Salary Increase For 2024 Nyc. 3 percent effective july 1, 2025;. Before this increase took effect, the minimum salary threshold was $1,125 a week ($58,500 per year) for new york city and nassau, suffolk, and westchester.

At the current rate, indeed’s tracker forecasts posted wage growth to reach the 2019 average of 3.1% in late 2023 or early 2024. This increase in city revenue in fy 2024, as well as some expense savings, allowed the city to increase its prepayment of fy 2025 debt service costs by $459.