With a remarkable 25% job growth over five years and an unemployment rate lower than the national tech average, New York City's technology industry is not just thriving—it's fundamentally reshaping the city's economic landscape with high-paying roles and surging venture capital.
Key Takeaways
- New York City's technology sector employed 358,000 workers in 2022, representing a 5% increase from 2021
- The average salary for tech workers in New York City was $153,000 in 2023, 40% higher than the citywide average
- Women make up 28% of the tech workforce in NYC, up from 25% in 2019
- NYC hosts over 1,200 tech startups founded since 2020
- There are 450 venture-backed tech companies in NYC with $50B+ total funding
- NYC fintech startups number 350, leading US outside SF
- NYC venture funding reached $28.6B in 2021, 2nd highest in US
- Q1 2024 NYC tech funding: $2.1B across 120 deals
- Fintech funding in NYC: $4.5B in 2023
- NYC filed 15,200 tech patents in 2022, 3rd highest US metro
- NYC universities produced 2,500 tech-related patents 2018-2022
- AI patent applications from NYC firms: 1,800 in 2023
- NYC tech sector GDP contribution: $140B in 2022, 10% of city GDP
- Tech exports from NYC: $25B in goods/services 2022
- NYC tech multiplier effect: every tech job creates 2.5 others
New York's tech industry is growing rapidly with high-paying jobs and increasing diversity.
Companies and Startups
- NYC hosts over 1,200 tech startups founded since 2020
- There are 450 venture-backed tech companies in NYC with $50B+ total funding
- NYC fintech startups number 350, leading US outside SF
- 120 AI startups headquartered in NYC as of 2024
- NYC has 85 healthtech companies valued over $100M each
- Enterprise software firms: 280 in NYC metro, employing 25,000
- 65 edtech startups in NYC raised $2B+ since 2018
- NYC cleantech startups: 110, with 20% YoY growth
- Gaming and AR/VR firms: 75 in NYC
- 200+ SaaS companies founded in NYC post-2015
- NYC blockchain/crypto startups: 90 active in 2023
- Big tech offices in NYC: Google (7,000 employees), Meta (2,500), Amazon (5,000)
- Unicorn startups in NYC: 12 as of 2024 including Ramp, Vercel
- NYC has 3,500 tech firms with 10-50 employees
- Proptech startups: 150 in NYC, market leader in US
- Adtech companies: 220 headquartered in NYC
- NYC martech startups grew to 130 in 2023
- Foodtech firms: 60 in NYC metro
- NYC has 400+ B2B tech startups under 5 years old
- Logistics tech companies: 95 in NYC
- NYC insurtech startups: 50, raised $1.5B total
- Mobility tech firms: 80 in NYC
- NYC deep tech startups: 45 with $800M funding
- E-commerce tech companies: 140 active in NYC
- NYC cybersecurity firms: 120
- Hardware tech startups: 35 in NYC, niche leader
- NYC agtech companies: 25, growing rapidly
- Fashiontech startups: 55 in NYC
- NYC has 950 tech companies with 50+ employees
Companies and Startups Interpretation
While New York City has fully evolved from a finance capital into a formidable technology powerhouse, the statistics reveal it's not a monolith but a vibrant ecosystem of a dozen thriving, specialized industries, each with its own critical mass of startups, funding, and ambition.
Economic Impact
- NYC tech sector GDP contribution: $140B in 2022, 10% of city GDP
- Tech exports from NYC: $25B in goods/services 2022
- NYC tech multiplier effect: every tech job creates 2.5 others
- Property tax revenue from NYC tech firms: $3.2B annually 2023
- Tech sector wage premium adds $40B to NYC payroll taxes yearly
- NYC tech startups generated 15,000 indirect jobs in 2023
- Fintech economic output: $35B, 4% of NYC GDP in 2022
- Tech tourism to NYC: $1.8B spend by 2M visitors annually
- NYC tech reduces city operational costs by $2B via digitization 2023
- Venture funding ROI: $7 economic return per $1 invested in NYC tech
- Tech firms paid $28B in NYC income taxes 2022
- Brooklyn tech corridor adds $12B to local economy yearly
- NYC AI sector contributes $18B GDP slice in 2023
- Tech-enabled retail sales boost: $50B annual in NYC
- Cybersecurity industry safeguards $1T NYC assets annually
- NYC edtech improves student outcomes, $5B lifetime earnings gain
- Proptech efficiencies save NYC $900M in real estate costs 2023
- Cleantech reduces NYC energy costs by $1.2B yearly
- NYC logistics tech cuts delivery costs 15%, $3B savings 2023
- Healthtech innovations lower NYC healthcare spend $4B annually
- NYC adtech generates $10B media spend yearly
- Tech boosts NYC tourism GDP by 12% to $45B in 2023
- E-commerce tech adds $20B to NYC retail economy 2023
- NYC insurtech premiums growth: $15B market, 20% from tech
- Mobility tech reduces congestion costs $2.5B yearly in NYC
- Fashiontech export value: $8B from NYC in 2023
- NYC tech sector venture exits returned $12B to investors 2023
Economic Impact Interpretation
For a city once defined by concrete and steel, New York's tech sector now weaves a silent but indispensable economic tapestry, generating billions in taxes, creating ripple-effect jobs, and quietly subsidizing the city's heartbeat by making everything from healthcare to energy to your bodega delivery cheaper and smarter.
Employment and Jobs
- New York City's technology sector employed 358,000 workers in 2022, representing a 5% increase from 2021
- The average salary for tech workers in New York City was $153,000 in 2023, 40% higher than the citywide average
- Women make up 28% of the tech workforce in NYC, up from 25% in 2019
- NYC tech jobs grew by 25% from 2017 to 2022, outpacing national average of 15%
- There were 42,000 software developers employed in NYC in 2023, the largest tech occupation
- NYC's tech unemployment rate was 2.1% in 2023, below the national tech rate of 2.5%
- Black and Latino workers represent 22% of NYC tech hires in 2022, doubling from 2018
- Remote tech jobs in NYC increased to 35% of total tech employment post-COVID in 2023
- NYC added 18,000 cybersecurity jobs between 2020 and 2023
- Tech occupations accounted for 8% of all NYC jobs in 2022, up from 6% in 2017
- Entry-level tech salaries in NYC averaged $105,000 in 2023
- NYC tech workforce diversity improved with 15% increase in underrepresented minorities from 2020-2023
- There are 12,500 data scientists employed in NYC metro area as of 2023
- NYC tech job postings rose 12% year-over-year in Q1 2024
- Veterans hold 4% of NYC tech jobs, supported by 50+ veteran tech programs
- NYC's fintech sector employs 65,000 workers in 2023
- Tech apprenticeships in NYC trained 5,200 workers in 2022-2023
- AI/ML engineers in NYC number 8,200 with median salary $165,000 in 2023
- NYC tech sector retained 92% of jobs during 2023 economic slowdown
- Immigrants comprise 45% of NYC tech workforce in 2023
- NYC has 7,300 UX/UI designers employed, growing 18% since 2020
- Tech jobs in Brooklyn grew 30% faster than Manhattan from 2019-2023
- NYC tech sector projected to add 50,000 jobs by 2027
- 22% of NYC tech workers have advanced degrees in 2023
- Cloud computing specialists in NYC: 9,100 jobs with 14% growth 2022-2023
- NYC tech layoffs affected only 3% of workforce in 2023 vs 5% nationally
- DevOps engineers: 6,500 positions in NYC, avg salary $148,000 in 2023
- NYC women-led tech firms employ 12% more diverse teams on average
- Product managers in tech: 5,800 roles in NYC 2023
- NYC tech job satisfaction rate: 78% in 2023 survey of 10,000 workers
Employment and Jobs Interpretation
New York’s tech sector is booming in numbers and pay—growing faster, paying better, and laying off fewer than the national average—yet its celebrated progress in diversity and remote work still shows the industry’s stubborn, old gaps between its high-flying rhetoric and its ground-level reality.
Innovation and R&D
- NYC filed 15,200 tech patents in 2022, 3rd highest US metro
- NYC universities produced 2,500 tech-related patents 2018-2022
- AI patent applications from NYC firms: 1,800 in 2023
- NYC R&D spending by tech firms: $12B annually in 2022
- Fintech patents granted to NYC entities: 950 from 2020-2023
- NYC ranks #2 in US for cybersecurity patents with 2,100 since 2015
- Biotech R&D labs in NYC: 180, investing $4.5B yearly
- Quantum computing research papers from NYC institutions: 450 in 2023
- NYC open-source contributions: 1.2M commits to GitHub in 2023
- AR/VR patents filed in NYC: 620 in 2022-2023
- NYC cleantech innovation score: 85/100, top 5 US cities
- Machine learning models developed by NYC firms: 3,400 registered 2023
- NYC accelerators supported 500 startups with 1,200 prototypes in 2023
- Blockchain patents: 780 granted to NYC inventors 2020-2023
- NYC data analytics tools patented: 1,100 since 2019
- Robotics startups in NYC filed 250 patents 2022-2023
- NYC's innovation districts host 40% of city R&D activity
- Computer vision patents from NYC: 890 in 2023
- NYC firms lead in edge computing patents with 520 grants 2021-2023
- Generative AI R&D spend in NYC tech: $2.1B in 2023
- NYC natural language processing papers: 1,500 published 2023
- Semiconductors R&D facilities: 15 in NYC metro, $800M invested
- NYC 5G innovation patents: 1,050 since 2019
- IoT patents granted: 1,400 to NYC companies 2020-2023
Innovation and R&D Interpretation
New York’s technology sector isn't just thinking outside the box; it's patenting the box, financing its construction, and then open-sourcing the blueprints for everyone to iterate upon.
Venture Funding
- NYC venture funding reached $28.6B in 2021, 2nd highest in US
- Q1 2024 NYC tech funding: $2.1B across 120 deals
- Fintech funding in NYC: $4.5B in 2023
- AI startups in NYC raised $1.2B in 2023, 30% YoY growth
- Seed stage deals in NYC: 350 in 2023, avg $2.5M per deal
- Series A funding avg in NYC: $12M, 250 deals in 2023
- Late-stage VC in NYC: $10B in 2023, led by 15 mega-deals
- Corporate VC investments in NYC tech: $3.2B from 2020-2023
- Women-led startups in NYC secured $850M in 2023
- Black-founded tech firms in NYC raised $450M in 2023
- NYC climate tech funding: $900M in 2023 across 40 startups
- Healthtech VC in NYC: $2.8B in 2023
- Edtech funding dropped to $500M in NYC 2023 from $1.2B peak
- Proptech investments: $1.1B in NYC 2023
- NYC crypto/blockchain funding: $600M in 2023
- Growth equity deals in NYC tech: 80 totaling $4B in 2023
- Angel investments in NYC: $300M across 200 deals in 2023
- NYC VC firms: 250 active, managing $150B AUM
- Follow-on funding for NYC startups: 65% retention rate in 2023
- Gaming VC in NYC: $400M in 2023
- Insurtech funding NYC: $700M 2023
- Deep tech VC rounds: 30 in NYC 2023 totaling $1.5B
- B2B SaaS funding: $3.5B in NYC 2023
- Mobility tech investments: $550M NYC 2023
- Adtech VC: $250M across 15 NYC deals 2023
- NYC startups achieved 15 exits valued over $100M in 2023
- Median VC deal size in NYC: $8M in 2023
Venture Funding Interpretation
New York's tech scene isn't just surviving; it's meticulously building a diversified empire of the future, one stubbornly well-funded startup at a time.
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