New York City software development companies reached 4,200 after an 11 percent increase. The sector employed 285,000 developers and added 45.2 billion dollars to local GDP. The sections below present employment, funding, revenue, and compensation figures by borough and specialization.
Key Takeaways
- NYC had 4,200 software development companies in 2023, up 11% from 3,780 in 2022
- In 2023, New York City employed approximately 285,000 software developers, representing a 12% year-over-year growth from 254,000 in 2022
- Venture capital funding into NYC software startups totaled $12.8 billion in 2023, up 8% from 2022
- The New York software development industry contributed $45.2 billion to the city's GDP in 2023, a 14% increase from $39.7 billion in 2022
- The average base salary for software engineers in New York City was $148,000 in 2023
New York software development remains robust, driven by strong hiring growth and steady project investment.
Related reading
01 · Category
Companies and Startups29 stats
01
NYC had 4,200 software development companies in 2023, up 11% from 3,780 in 2022
02
Brooklyn hosted 1,120 software startups in 2023, 28% of NYC total
03
Manhattan software firms numbered 2,150 in 2023, including 45 unicorns
04
In 2023, 620 new software startups were founded in NYC, highest since 2021
05
Fintech software companies in NYC totaled 850 in 2023
06
312 AI/ML software startups operated in NYC in 2023
07
Queens had 280 software dev firms in 2023, focusing on cybersecurity
08
18 software companies in NYC achieved unicorn status in 2023, valuing over $1B each
09
Enterprise software firms in NYC numbered 950 in 2023
10
145 healthtech software startups launched in NYC since 2020, active in 2023
11
NYC's software startup failure rate was 22% in 2023, below national 25%
12
420 SaaS companies headquartered in NYC in 2023
13
Bronx software dev companies grew to 95 in 2023, up 35% YoY
14
76 NYC software firms went public via IPO or SPAC in 2023
15
Edtech software startups in NYC reached 210 in 2023
16
1,050 mobile app dev companies operated in NYC in 2023
17
Proptech software firms in NYC totaled 180 in 2023
18
95 cybersecurity software startups in NYC in 2023
19
NYC software companies with 100+ employees numbered 560 in 2023
20
340 early-stage software startups raised seed funding in NYC in 2023
21
Adtech software companies in NYC were 120 in 2023
22
Cleantech software startups grew to 75 in NYC in 2023
23
210 logistics software firms in NYC in 2023
24
Gaming software companies in NYC numbered 110 in 2023
25
450 bootstrapped software companies thrived in NYC without VC in 2023
26
Enterprise SaaS unicorns in NYC included 12 firms valued over $3B in 2023
27
NYC software dev co-working spaces hosted 1,800 firms in 2023
28
Women-led software startups in NYC reached 280 in 2023, 22% of total
29
B2B software companies dominated with 2,100 firms in NYC in 2023
Interpretation
Companies and Startups Interpretation
While Manhattan’s 45 unicorns graze in a well-funded valley, Brooklyn’s 1,120 scrappy startups and a remarkably low failure rate prove that in New York’s software jungle, evolution favors not just the big, but the clever and resilient.
02 · Category
Employment and Workforce29 stats
01
In 2023, New York City employed approximately 285,000 software developers, representing a 12% year-over-year growth from 254,000 in 2022
02
As of Q4 2023, the software development sector in NYC had an unemployment rate of 1.8% for tech professionals, significantly lower than the citywide average of 4.2%
03
Women accounted for 28% of the software engineering workforce in New York State's tech industry in 2023, up from 25% in 2020
04
Over 45,000 new software development jobs were added in the NYC metro area between 2021 and 2023, driven by fintech and AI sectors
05
In 2023, 62% of NYC software developers held at least a bachelor's degree in computer science or related fields
06
The average age of software developers in New York City was 34.2 years in 2023, with 55% under 35
07
Remote work adoption among NYC software devs stood at 42% full-time remote in 2023, down from 68% in 2021
08
18% of NYC software development jobs in 2023 were filled by immigrants, primarily from India and China
09
Entry-level software engineer positions in NYC grew by 22% from 2022 to 2023, totaling 12,500 openings
10
In 2023, 35% of NYC software devs specialized in full-stack development, the most common role
11
NYC's software industry workforce diversity showed 15% Black or African American representation in 2023, up 3% from 2020
12
Mid-level software developers (5-10 years experience) comprised 48% of NYC's tech workforce in Q3 2023
13
In 2023, 25,000 software devs in NYC worked in startups, representing 9% of total employment
14
The software development occupation in NYC had 7,200 job postings per month on average in 2023
15
52% of NYC software engineers reported upskilling in AI/ML in 2023 via online courses
16
Veteran employment in NYC software dev reached 4.2% of the workforce in 2023
17
Freelance software developers in NYC numbered 38,000 in 2023, up 18% from 2021
18
29% of NYC software devs were self-taught or bootcamp graduates in 2023
19
Software dev jobs in Brooklyn accounted for 22% of NYC total in 2023, with 62,700 positions
20
In 2023, 41% of NYC software workforce identified as Hispanic or Latino
21
Senior software engineers made up 24% of NYC's dev workforce in 2023, totaling 68,400 roles
22
NYC software dev turnover rate was 13.5% in 2023, below national average of 15%
23
67% of NYC software jobs required cloud computing skills in 2023 postings
24
Part-time software dev roles in NYC increased 15% to 9,800 in 2023
25
2023 saw 14,200 software dev internships in NYC, 20% more than 2022
26
Asian Americans represented 42% of NYC software developers in 2023
27
Contract software dev positions grew 28% to 22,000 in NYC in 2023
28
In 2023, 56% of NYC software devs had 3+ years experience
29
NYC software industry added 5,200 dev jobs in Manhattan alone in 2023
Interpretation
Employment and Workforce Interpretation
New York's software scene is booming with such voracious hunger for talent that it's gladly hiring almost anyone who can code—growing at a frantic pace, getting (slowly) more diverse, studying AI on their lunch breaks, and somehow still keeping unemployment so low you'd think developers were being physically guarded from poaching.
03 · Category
Investments and Funding27 stats
01
Venture capital funding into NYC software startups totaled $12.8 billion in 2023, up 8% from 2022
02
Seed-stage software deals in NYC numbered 450, averaging $2.1M each in 2023
03
Series A funding for NYC software firms reached $4.5 billion across 180 deals in 2023
04
AI software startups in NYC raised $3.2 billion in VC in 2023
05
Fintech software investments in NYC hit $2.9 billion in 2023, 23% of total VC
06
Corporate VC into NYC software reached $1.8 billion in 2023
07
Late-stage software funding in NYC totaled $4.1 billion for 45 deals in 2023
08
Women-led software startups in NYC secured $850 million VC in 2023
09
Brooklyn software startups raised $1.2 billion in 2023
10
Cybersecurity software firms in NYC attracted $1.1 billion funding 2023
11
Healthtech software VC in NYC was $900 million across 65 deals in 2023
12
Edtech software startups raised $650 million in NYC 2023
13
Proptech software investments totaled $720 million in NYC 2023
14
Angel investments in NYC software hit $450 million for 320 deals in 2023
15
SaaS software late-stage deals averaged $95M each in NYC 2023
16
Government grants to NYC software startups reached $210 million in 2023
17
M&A exits for NYC software firms valued $9.3 billion in 2023
18
Cleantech software funding in NYC was $380 million in 2023
19
Logistics software startups raised $550 million VC in NYC 2023
20
Adtech software investments totaled $420 million in NYC 2023
21
Gaming software VC in NYC reached $310 million in 2023
22
Follow-on funding for NYC software startups was $6.7 billion in 2023
23
Top deal: NYC software firm Datadog raised $500M at $40B valuation extension 2023
24
Diversity-focused VC funds invested $320M in NYC software 2023
25
Enterprise software Series B deals averaged $28M in NYC 2023
26
NYC software funding represented 12% of US total VC in 2023
27
Debt financing for NYC software firms hit $2.4 billion in 2023
Interpretation
Investments and Funding Interpretation
While AI and fintech may be grabbing the glitzy headlines, New York's software ecosystem proves its robust and diverse strength, from a vibrant seed stage cultivating hundreds of ideas to nearly ten billion dollars in exits, all underpinned by a serious and growing conviction from venture capital.
More related reading
04 · Category
Revenue and Economic Impact28 stats
01
The New York software development industry contributed $45.2 billion to the city's GDP in 2023, a 14% increase from $39.7 billion in 2022
02
Software firms in NYC generated $28.6 billion in revenue from SaaS products in 2023
03
In 2023, the tech sector including software dev paid $12.4 billion in wages to NYC residents
04
NYC software exports reached $8.9 billion in 2023, primarily to Europe and Asia
05
The multiplier effect of software dev industry spending supported 112,000 indirect jobs in NYC in 2023
06
Software development contributed 7.8% to NYC's total private sector GDP in 2023
07
In 2023, NYC software companies collected $2.1 billion in sales tax revenue
08
Fintech software revenue in NYC hit $15.3 billion in 2023, 32% of total software revenue
09
Average annual revenue per software employee in NYC was $312,000in 2023
10
NYC's software industry venture-backed revenue grew 19% to $22.4 billion in 2023
11
Property taxes from software firm headquarters in NYC totaled $890 million in 2023
12
E-commerce software platforms based in NYC generated $4.7 billion in 2023
13
In 2023, AI software development revenue in NYC reached $6.2 billion, up 45% YoY
14
Software dev firms paid $1.8 billion in corporate income taxes to NYS in 2023
15
NYC software industry's R&D spending was $3.9 billion in 2023, 12% of revenue
16
Cloud software services revenue from NYC firms was $10.1 billion in 2023
17
In 2023, cybersecurity software revenue in NYC totaled $5.4 billion
18
Software dev contributed $1.2 billion to NYC tourism via apps in 2023
19
Average software firm profitability in NYC was 18.4% net margin in 2023
20
NYC software M&A deals generated $7.6 billion in value in 2023
21
Healthtech software revenue from NYC reached $3.8 billion in 2023
22
In 2023, edtech software firms in NYC earned $2.3 billion
23
Proptech software revenue in NYC was $1.9 billion in 2023, up 25%
24
NYC software firms' international revenue was 41% of total at $18.5 billion in 2023
25
Logistics software revenue in NYC hit $2.8 billion in 2023
26
In 2023, adtech software from NYC generated $4.1 billion
27
Gaming software revenue in NYC was $1.5 billion in 2023
28
Cleantech software firms in NYC earned $900 million in 2023
Interpretation
Revenue and Economic Impact Interpretation
New York's software industry has become the city's most reliable non-unionized cashier, punching in a $45.2 billion GDP contribution while quietly funding everything from subway repairs to parks with its hefty taxes, robust exports, and surprisingly diverse portfolio of digital gold mines.
05 · Category
Salaries and Compensation29 stats
01
The average base salary for software engineers in New York City was $148,000in 2023
02
Senior software developers in NYC earned an average total compensation of $245,000including bonuses in 2023
03
Entry-level software engineer salaries in NYC averaged $112,500base in 2023
04
Full-stack developers in NYC had median pay of $162,000in 2023
05
Data scientists in NYC software roles averaged $178,000total comp in 2023
06
Frontend developers earned $135,000average base in NYC 2023
07
Backend developers in NYC averaged $152,000salary in 2023
08
DevOps engineers in NYC had average comp of $192,000in 2023
09
AI/ML engineers in NYC earned $210,000median total in 2023
10
Cybersecurity software engineers averaged $165,000base in NYC 2023
11
Mobile app developers in NYC averaged $140,000salary in 2023
12
Cloud architects in software firms earned $220,000avg in NYC 2023
13
QA engineers in NYC software dev averaged $118,000in 2023
14
Software architects commanded $235,000total comp in NYC 2023
15
Fintech software developers averaged $168,000in NYC 2023
16
With 10+ years experience, NYC devs earned $275,000avg total 2023
17
Equity compensation for NYC software engineers averaged $45,000value in 2023
18
Female software engineers in NYC earned 94% of male counterparts at $142,000 avg 2023
19
Startup software devs in NYC averaged $130,000base, lower than Big Tech's $170k in 2023
20
Bonuses for NYC software engineers averaged 15% of base or $22,000 in 2023
21
Remote NYC software devs earned 8% less at $136,000 avg in 2023
22
Brooklyn software salaries averaged $142,000vs Manhattan's $155,000 in 2023
23
Principal engineers in NYC topped $320,000total comp in 2023
24
Freelance hourly rates for NYC software devs averaged $85/hour in 2023
25
Post-MBA software roles in NYC paid $195,000starting in 2023
26
Intern software devs in NYC earned $42/hour avg summer 2023
27
Black software engineers in NYC averaged $138,000,7% below city avg in 2023
28
Total comp for staff engineers in NYC was $228,000median 2023
29
NYC software dev salaries rose 6.2% YoY to $148k avg in 2023
Interpretation
Salaries and Compensation Interpretation
New York's software landscape is a competitive hierarchy where your pay is a precise, if merciless, yardstick measuring your specialization, seniority, and proximity to both cloud servers and Manhattan skyscrapers.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Margot Villeneuve. (2026, February 13). New York Software Development Industry Statistics. Gitnux. https://gitnux.org/new-york-software-development-industry-statistics
MLA
Margot Villeneuve. "New York Software Development Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/new-york-software-development-industry-statistics.
Chicago
Margot Villeneuve. 2026. "New York Software Development Industry Statistics." Gitnux. https://gitnux.org/new-york-software-development-industry-statistics.
Sources & references
100 datasets cited across this report · attribution is report-level