Skip to main content
  1. United States
  2. /
  3. NY
  4. /
  5. Westchester County, NY

EconPulse

Local economy signal dashboard

Saved
COUNTYThriving

Westchester County, NY

Thriving overall. GDP / Output is the clearest support signal, while jobs needs the most attention. Housing reads as affordable for a median-income household.

Post on XLinkedIn
Overall score74out of 100
Compare
87
67
69
72
82

Population

999,677

Data freshness

Unknown

GDP / Output

+6.9% YoY

87

$120.2B

Output changed +6.9% in 2024.

Vintage date unknown

State growth6.4%
U.S. growth5.3%

Jobs

Unemployment rate

67

3.6%

Unemployment is 3.6% for May 2026.

Vintage date unknown

State avg4.6%
U.S. avg4.2%

Population

+3.2% 5-year

69

999,677

Population moved +3.2% over the latest ACS window.

Vintage date unknown

State population19,852,366
U.S. population334,922,499

Housing

Rent share of income

72

19.7%

Median rent consumes 19.7% of median household income: Affordable.

Vintage date unknown

State rent$1.6K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$5.9K per resident

82

$5.9B

$5.9B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$262.2B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$5.9B

$5.9K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$5.0B
2. Department of Housing and Urban Development$408.6M
3. Department of Veterans Affairs$254.4M

Top recipients

Dollars
1. DEPARTMENT OF TRANSPORTATION NEW YORK$73.7M
2. MUNICIPAL HOUSING AUTHORITY FOR THE CITY OF YONKERS INC$73.5M
3. COUNTY OF WESTCHESTER$46.5M

Affordable

Housing Affordability

19.7%

of median income

1BR estimate$1,600
2BR estimate$2,107
Median income$118,976
Median home value$663,200

ACS context

Quick Facts

Population

999,677

Median age

41.8

Bachelor's degree+

53.1%

Poverty rate

9.0%

Labor force participation

65.1%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.1%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

May 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-21

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

+0.6%

GDP CAGR

+5.2%

Federal flow

5 years

Population (5 years)
2020968,738
2021999,723
2022997,904
2023996,888
2024999,677
GDP (5 years)
2020$93.1B
2021$96.7B
2022$105.3B
2023$112.4B
2024$120.2B

2-year linear forecast

Predictive Outlook

Population forecast

2024999,677
20251,010,299 *
20261,016,203 *

R² = 48.6% · * projected

GDP forecast

2024$120.2B
2025$126.5B *
2026$133.4B *

R² = 98.7% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$118,976/yr
Median rent$1,951/mo
Rent share of income19.7%
Est. mortgage (30yr, 6.5%)$40,242/yr
Mortgage share of income33.8%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.6%
State avg4.6%
U.S. avg4.2%
Labor force participation65.1%
Poverty rate9.0%

Data from BLS LAUS / CPS. May 2026.

valuation snapshot

Real Estate

Median home value$663,200
Median monthly rent$1,951
Price-to-rent ratio28.3x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score75/100
Economic growth87/100
Labor market67/100
Population momentum69/100
Overall stability74/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Westchester County, New York

County

Part of

New York-Newark-Jersey City, NY-NJ

Nearby locations

Chappaqua, NYArmonk, NYPleasantville, NYThornwood, NYMount Kisco, NY