3.0%
NY unemployment rate
$107K
LI median household income
2%
housing stock growth 2012-22
Young
adults leaving for affordability

The Challenge

Long Island has a strong economy with high median incomes and low unemployment. But success masks significant challenges: housing costs that outpace wages, young adults priced out of the communities where they grew up, and an aging workforce that threatens future prosperity.

According to the U.S. Census Bureau's 2022 Economic Census, economic data must inform policy decisions about workforce development, small business support, and infrastructure investment.

Reform Areas

Key Industries

SectorOpportunityJobs Impact
Offshore WindSupply chain, maintenance, port operationsThousands of construction and permanent jobs
HealthcareAging population drives demandLargest employment sector
BiotechnologyCold Spring Harbor, Stony Brook researchHigh-wage innovation jobs
Clean EnergySolar installation, energy efficiencyGrowing skilled trades demand
TourismBeaches, wineries, North Fork/HamptonsSeasonal but significant

Data Sources