New York
🇺🇸 United States · Address 70 of 100

New York, for a high earner.

City and state tax on top of federal, a City Hall now run by a democratic socialist, and the deepest market for what you do. You pay for proximity to capital, and the bill is rising.

Rank New York on my numbers →

In short, current to October 2026

  • A person earning $1,000,000 and resident in New York, United States, pays an effective 43% of income tax on the Patrician.ch 2026 model, keeping $573K. Of that, $320,000 is federal income tax, the same in every state, and $107,136 is New York State and City income tax. At $300,000 the effective rate is 33%, and at $3,000,000 it is 49%.
  • Capital gains on a disposal by a resident individual are taxed at 37% in total in New York, so a $5,000,000 liquidity event realized after residence begins carries roughly $1.9M, of which $675K is New York State and City tax.
  • Inheritance: Children taxed. Federal estate tax at 40% above $15M per person, plus New York estate tax up to 16%. A US citizen spouse inherits free.
  • A US citizen or green card holder needs no visa to move to New York from another state. For a buyer from abroad, the realistic route in is Residence by investment, Founder & talent.
  • Cost of the life is 108 on the Patrician.ch index where Zurich is 100, safety 6 of 10, schools 9 of 10. These 3 are Patrician.ch editorial indices scored by us, not published statistics.
  • Figures are current to October 2026. Tax thresholds and residence routes move, so confirm with counsel before relying on any of them.

Official sources: New York State Department of Taxation, New York State Senate, US Internal Revenue Service. Checked against them on .

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, New York tax and residence 2026 for a high earner, patrician.ch/cities/new-york/, October 2026.

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By the Patrician.ch research desk · Updated 29 October 2026 · 13 min read
The numbers

What New York takes, and what it costs.

Effective tax at $1M43%$573K kept after tax
Capital gains37%on a $1M gain
Cost index108Zurich = 100
Inheritance, children40%Children taxed
Supercar street index#31of 100
Safety6/10 
Schools9/10international options
The Patrician.ch 10019thof 100, the ranking
Prestige of address10/10Patrician.ch editorial index
A 200 m² prime home$5.9MUS$1M buys 34 m². Knight Frank, The Wealth Report 2026
Sun hours a year2,530High tax
United States net millionaire flow, 2025 forecast+7,500Henley forecast, country level. New York is a net exporter of high earners to Florida (IRS migration data)

Tax on your bracket.

IncomeTaxEffectiveKept after tax
$300K$100K33%$200K
$1M$427K43%$573K
$3M$1.5M49%$1.5M
See these 2 places for your own income.New York and The Hamptons, side by side on your income, passports and family. Free, in the ranking of all 100. Then the Dossier: a written report in 10 chapters on the 3 places that rank first for you. The Dossier is $500. The founding price, $250, holds until 31 October.
Compare them on my income →

Paying for it

Income kept after tax on $1M a year, US dollars, the 17 places in the United States on the board

  1. Miami$680K
  2. Palm Beach$680K
  3. Bal Harbour$680K
  4. Naples$680K
  5. Coral Gables$680K
  6. Las Vegas$680K
  7. Dallas$680K
  8. Austin$680K
  9. Aspen$637K
  10. The Hamptons$611K
  11. Maui$580K
  12. New York$573K

Note: single filer, federal and state together. New York ranks 17 of 17 here

Source: Patrician.ch 2026 tax model, built on official tax authority rates

Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Single filer resident in the US, federal and state together. Enter your own income, exit, passports, and family to see where New York ranks for you.

Where inside New York.

The 3 quarters buyers ask for first, Upper East Side, Fifth and Park, Tribeca, West Village, all sit under New York City, so the address inside New York does not move the property tax. On a townhouse the Department of Finance values at $5,000,000, the yearly bill is $62,727, 1.255% of value (20.909% of assessed value, class 1, 2027).

Class 1 covers 1 to 3 family houses, the townhouse, assessed here at the full 6% ratio, which is the ceiling: annual caps hold many assessments below it. Condos and co-ops are class 2 at 12.440% of an assessed value the Department of Finance sets as if the building were rented, well below the sale price, so their bill runs lower than this. A home that is not the owner's primary residence also pays a city surcharge from July 2026: 0.8% of a class 1 market value of $5M to $15M, up to 1.3% above $25M, and 4% to 6.5% on condo and co-op units from $1M (NY Tax Law Article 30-C). Source: New York City Council, Res. No. 546 of 30.06.2026, tax rates for fiscal year 2027, which runs 01.07.2026 to 30.06.2027 (class 1 20.909%, class 2 12.440% of assessed value, class 1 assessed at 6% of market value). The Council may revise them by 01.12.2026. Fiscal year 2026 closed at 19.843% for class 1. Federal and state income tax are the same at every address in New York, so property tax is what the quarter changes.

Official sources: New York City Council, New York State Senate, NYC Department of Finance. Checked against them on .

Rank New York on my numbers →

FIRE

The FIRE number in New York.

The capital whose yearly withdrawal, at 4%, pays for a year here after New York's tax on the gain part of each sale: 37.3% on a resident's listed securities, with half of each sale counted as gain.

A $100K year here $3.07M
A $150K year here $4.61M
A $250K year here $7.68M

Price your own year in all 100 places →

Who gets in

The residence route.

E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K. US citizens are taxed worldwide for life.

Residence by investmentFounder & talent

United States has a Henley 2026 Wealth Mobility score of 62.3 out of 100, a country level figure. The passport ladder on the engine compares 66 passports.

The life

An ordinary day in New York.

New York, United States
🇺🇸 United StatesNew York
  • Central ParkThe reservoir loop, then the school on the Upper East Side.
  • MidtownA meeting that would have been an email anywhere else, and would have been worth less.
  • TribecaLunch with a VC who has funded 3 of your competitors.
  • Billionaires RowThe view is the reason. The tax bill is the footnote.

Flight times.

FromFlightRouting
New YorkHome
London8h 05mNonstop to New York JFK
Zurich9h 20mNonstop to New York JFK
Dubai14h 15mNonstop to New York JFK
Singapore18h 15mNonstop to New York JFK
Tel Aviv11h 50mNonstop to New York JFK

Scheduled gate to gate times on the fastest routing, with 1h 30m allowed for each connection. Airline schedules read October 17, 2026.

Healthcare

Care within reach.

Nearest emergency departmentunder 1 kmNewYork-Presbyterian Lower Manhattan Hospital
Best ranked within reachWorld #22The Mount Sinai Hospital, 10 km
Life expectancy, United States78.9years at birth, 2024
Doctors per 1,000 people3.7United States, 2022
Hospital beds per 1,0002.7United States, 2022
Health spending per person$13,473US dollars a year, 2023
Care coverage index88WHO, out of 100, 2023

Manhattan has 4 hospitals in Newsweek's 2026 global list: Mount Sinai (No. 22), NewYork-Presbyterian Columbia (No. 87), NYU Langone Tisch (No. 102) and NewYork-Presbyterian Weill Cornell (No. 178). NewYork-Presbyterian Lower Manhattan Hospital runs a 24/7 emergency room with a pediatric area.

HospitalRoleDistanceNewsweek 2026JCI
NewYork-Presbyterian Lower Manhattan HospitalNearest emergency departmentunder 1 kmNot rankedUS, The Joint Commission
The Mount Sinai HospitalBest ranked within reach10 kmWorld #22US, The Joint Commission

Hospital ranks from Newsweek and Statista, World's Best Hospitals 2026. Accreditation from the Joint Commission International directory. Distances in a straight line from New York, from OpenStreetMap. Country figures from the World Bank and the WHO, the latest year each publishes. Checked 23.10.2026. Research, not medical advice.

Within reach

Near New York on the board.

The Hamptons, United StatesThe Hamptons🇺🇸 New York, United StatesPalm Beach, United StatesPalm Beach🇺🇸 Florida, United StatesBal Harbour, United StatesBal Harbour🇺🇸 Florida, United StatesMiami, United StatesMiami🇺🇸 Florida, United StatesCoral Gables, United StatesCoral Gables🇺🇸 Florida, United StatesNaples, United StatesNaples🇺🇸 Florida, United States

Tap any frame to step into it.

New York, United StatesMiami, United States
New York vs MiamiHead to head
Questions

How much income tax does a $1M earner pay in New York?

About $427K a year, an effective 43%, which leaves $573K of $1,000,000 on Patrician.ch's 2026 model.

At $300K the effective rate is 33%, and at $3M it is 49%. Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled.

Does New York tax capital gains?

Yes. A resident pays about 37% in total on a capital gain, about $373K on a $1,000,000 gain, of which 13.5% is New York State and City tax and the rest federal.

The rate is modeled on a $1,000,000 gain on listed securities after the common exemptions. Holding periods and exemptions can lower it.

Does New York have a wealth tax?

No. United States levies no general annual wealth tax on a resident's net worth.

Does New York have an inheritance tax?

Yes. Federal estate tax at 40% above $15M per person, plus New York estate tax up to 16%. A US citizen spouse inherits free.

What a child pays: 40% above $15M, plus New York. Source: IRS, New York State Department of Taxation, current to October 2026. The heir's own residence and the location of the assets can bring another country's tax into play.

How does a foreigner get residence in New York?

E-2 treaty investor for treaty nationals, L-1, O-1, or EB-5 from $800K.

US citizens are taxed worldwide for life. Routes that matter for money: Residence by investment, Founder & talent.

What is the property tax on a $5M home in New York?

About $62,727 a year, 1.255% of value, on a townhouse the Department of Finance values at $5,000,000, at 20.909% of assessed value, class 1 for 2027.

Class 1 covers 1 to 3 family houses, the townhouse, assessed here at the full 6% ratio, which is the ceiling: annual caps hold many assessments below it. Condos and co-ops are class 2 at 12.440% of an assessed value the Department of Finance sets as if the building were rented, well below the sale price, so their bill runs lower than this. A home that is not the owner's primary residence also pays a city surcharge from July 2026: 0.8% of a class 1 market value of $5M to $15M, up to 1.3% above $25M, and 4% to 6.5% on condo and co-op units from $1M (NY Tax Law Article 30-C).

What is the cost of living in New York?

New York scores 108 on the Patrician.ch cost index, where Zurich is 100, and ranks 28 of 100 on cost, 1 being the most expensive.

Safety scores 6 of 10 and schools 9 of 10, with 2,530 sun hours a year. Cost, safety and schools are Patrician.ch editorial indices, not published statistics. United States as a whole was forecast a net inflow of 7,500 millionaires for 2025 (Henley, country level). New York is a net exporter of high earners to Florida (IRS migration data).

The Dossier on New York, on your numbers.A written report on the 3 places that rank first for you, compared line by line on your income, a sale, your passports and your family. 10 chapters, written the moment you pay. Every tax figure carries its official source and the date it was last checked. The Dossier is $500. The founding price, $250, holds until 31 October. Refunded in full within 7 days of delivery, no reason needed.
Read chapters 1 to 3, free →
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The income tax of New York, The Hamptons, Palm Beach and Bal Harbour, side by side on 2026 rates. Your readers type their own salary and the places reorder. Free on any site, with the credit line under it.

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Income tax on the published 2026 rules. Social contributions, most deductions and treaties are not modeled. Figures for New York are for a single filer resident in the US, federal and state together. Comparisons with places abroad are for a non-US filer. Not advice. Verify before acting.

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