New York Minimum Wage and Income Tax 2026
What it costs to pay people and earn money in New York.
Minimum wage in New York
The minimum wage is $17.00 an hour, $9.75 above the federal $7.25. For New York City, Nassau, Suffolk and Westchester counties. The rest of the state is $16.00.
Full time at 40 hours, that is $680 a week or $35,360 a year. It ranks 3 of 51, higher than 48 others.
As of July 1, 2026. Source: U.S. Department of Labor.
Income tax in New York
New York income tax runs from 3.90% to 10.90% across 9 brackets.
The top rate ranks 3 of 51.
Single filers, as of January 1, 2026. Source: Tax Foundation.
Corporate tax in New York
The top corporate income tax rate is 7.25%. 6.50% up to $5 million of income.
It ranks 17 of 51.
As of April 2, 2026. Source: Tax Foundation.
Sales tax in New York
The state rate is 4.00%. With the average local tax, shoppers pay about 8.54%.
As of July 1, 2026. Source: Tax Foundation.