Queens County, New York: commercial real estate data.
Queens County, New York has a population of 2,323,052 across 109 square miles, down 3.7 percent since the 2020 census base. County output reached $143.13 bn in 2024, 51,188 establishments operate here, and the SBA record carries 1,994 7(a) approvals worth $782.1 m.
128 sourced county values · tier FULL · 12 sections
Queens County
How many people live in Queens County
- Population2,323,052
- Households841,003
- Average household size2.76
- Median household income$86,136
- Median age40.7
- Median gross rent$1,956 per month
- Median owner-occupied home value$723,800
- Home value to household income8.4 times
- Annual rent as a share of median income27.2 percent
- Adults 25 and over with a bachelor degree or higher36.1 percent
- Adults 25 and over with a graduate degree14.0 percent
- Adults 25 and over1,698,409
- Population under 18453,675
- Share under 1819.5 percent
- Population 65 and over413,538
- Share 65 and over17.8 percent
- Working age population, 18 to 641,455,839
- Civilian labor force1,211,336
- Unemployment rate7.2 percent
- Labor force participation, adults 18 and over64.8 percent
- Rank by population among New York counties2nd of 62
- Rank by population among US county-equivalents12th
Queens County is the 2nd largest of 62 New York counties by population. A median home costs 8.4 times median household income, which is a stretched ownership market and usually shows up as rental demand. Residents under 18 outnumber those 65 and over, at 19.5 percent against 17.8 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Queens County
Is Queens County growing
- Population change since the 2020 census base-3.68 percent
- Census 2020 base population2,405,424
- Births, 202423,725
- Deaths, 202414,694
- Natural change, 20249,031
- Net domestic migration, 2024-30,918
- Net international migration, 202444,137
- Total net migration, 202413,219
- Cumulative net domestic migration, 2021 to 2024-215,701
- Rank by growth among US county-equivalents2849th
The county has lost 3.68 percent of its population since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Queens County
Where people moving to Queens County come from
- Tax returns filed by households arriving46,529
- People arriving, from those returns68,467
- Adjusted gross income arriving$3.28 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$70,474
- Largest single originQueens County Non-migrants (972,654 households)
- Largest single destination (972,654 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Queens County Non-migrants | 972,654 | 1,746,727 | $64.46 bn |
| Kings County | 12,375 | 19,316 | $762.9 m |
| New York County | 6,518 | 8,750 | $659.5 m |
| Nassau County | 4,681 | 7,386 | $330.4 m |
| Other flows - Different State | 2,898 | 4,152 | $171.8 m |
| Bronx County | 2,780 | 4,564 | $132.1 m |
| Suffolk County | 1,814 | 2,685 | $131.4 m |
| Other flows - South | 1,412 | 2,120 | $78.7 m |
The largest single source of arrivals is Queens County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Queens County
What the Queens County economy runs on
- County GDP, 2024$143.13 bn
- County GDP, 2023$137.08 bn
- GDP change, 2023 to 20244.4 percent
- GDP change over five years38.4 percent
- Rank by GDP among New York counties3rd
- Rank by GDP among US county-equivalents32nd
- GDP per resident$61,613
Output grew 4.4 percent in the latest year and 38.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Queens County
Who employs people in Queens County
- Covered employment, annual average770,653
- Establishments reporting58,150
- Average annual pay$67,719
- Average weekly wage$1,302
- Sector 62, employment217,069
- Sector 62, average annual pay$51,929
- Sector 48-49, employment76,075
- Sector 48-49, average annual pay$83,721
- Sector 44-45, employment57,604
- Sector 44-45, average annual pay$44,934
- Sector 72, employment57,028
- Sector 72, average annual pay$35,470
- Sector 23, employment50,770
- Sector 56, employment36,550
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 217,069 | 5,883 | $51,929 |
| Sector 48-49 | 76,075 | 2,466 | $83,721 |
| Sector 44-45 | 57,604 | 6,836 | $44,934 |
| Sector 72 | 57,028 | 5,899 | $35,470 |
| Sector 23 | 50,770 | 5,919 | $91,560 |
| Sector 56 | 36,550 | 2,179 | $54,985 |
| Sector 81 | 26,136 | 5,759 | $40,560 |
| Sector 54 | 22,810 | 4,729 | $76,266 |
The largest sector is the biggest private employer group at 217,069 jobs, 28.2 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Queens County
What businesses operate in Queens County
- Establishments, all industries51,188
- Employment at those establishments616,045
- Annual payroll$35.02 bn
- Establishments per 1,000 residents22.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Queens County
What is being built in Queens County
- Housing units authorised by permit, 20245,302
- Declared construction value permitted$827.1 m
- Single family units authorised56
- Multifamily units authorised5,246
- Multifamily share of units98.9 percent
- Average declared value per unit$156,002
- Units authorised per 1,000 households6.3
Multifamily is 98.9 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Queens County
How much SBA lending happens in Queens County
- 7(a) approvals recorded1,994
- 7(a) gross approval dollars$782.1 m
- Average 7(a) approval$392,237
- Median 7(a) approval$120,000
- 10th percentile approval$25,000
- 90th percentile approval$1,020,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)14,257
- Jobs per approval7.1
- Distinct 7(a) lenders active109
- Distinct industries receiving approvals350
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer9.6 percent
- Loans on real estate terms192
- Loans on working capital terms, 120 months or shorter1,767
- Franchise loans63
- Franchise share of approvals3.2 percent
- Leading industry by approval countFull-Service Restaurants (107)
- Most active lenderTD Bank, National Association (620)
- 504 approvals recorded291
- 504 gross approval dollars$375.3 m
- Average 504 approval$1,289,646
- Median 504 approval$929,000
- Distinct CDCs active3
- 504 jobs per approval9.6
- 504 jobs per million dollars approved7.5
- Most active CDCEmpire State Certified Development Corporation (245)
- 7(a) share of SBA approvals87.3 percent
- Combined SBA approval dollars$1.16 bn
The average approval of $392,237 sits well above the median of $120,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 9.6 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Queens County
Do SBA loans in Queens County get paid back
- Loans with a final outcome recorded325
- Paid in full224
- Charged off101
- Charge off rate on resolved loans31.1 percent
- Status: Paid in full224
- Status: Cancelled325
- Status: Exempt from disclosure1,226
- Status: Charged off101
- Status: Committed, not yet disbursed118
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 722511 | Full-Service Restaurants | 19 | 5 | 26.3% |
| 236118 | Residential Remodelers | 12 | 6 | 50.0% |
| 541611 | Administrative Management and General Management Consulting Services | 11 | 9 | 81.8% |
Of the 325 loans that have reached a final outcome, 31.1 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, Administrative Management and General Management Consulting Services carries the highest charge off rate at 81.8 percent.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Queens County
Which parts of Queens County get the lending
- Places in the county with recorded lending66
- FLUSHING, approvals255
- LONG ISLAND CITY, approvals179
- Jamaica, approvals170
- ASTORIA, approvals169
- WOODSIDE, approvals79
- FRESH MEADOWS, approvals65
| Place | Approvals | Gross approval dollars |
|---|---|---|
| FLUSHING | 255 | $133,651,400 |
| LONG ISLAND CITY | 179 | $111,100,300 |
| Jamaica | 170 | $63,189,500 |
| ASTORIA | 169 | $47,223,900 |
| WOODSIDE | 79 | $35,903,500 |
| FRESH MEADOWS | 65 | $15,609,600 |
| Queens Village | 61 | $24,354,200 |
| Ridgewood | 59 | $18,656,700 |
FLUSHING accounts for 255 approvals against 179 in LONG ISLAND CITY. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Queens County
How big is Queens County
- Land area109 sq mi
- Rank by land area among New York counties58th of 62
- Width, east to west13.7 mi
- Height, north to south17.9 mi
- Geographies sharing a boundary4
- Residents per square mile of land21,312
- Establishments per square mile469.61
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Queens County
What hazards affect Queens County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Queens County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Queens County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population2,323,052
- Households841,003
- Average household size2.76
- Median household income$86,136
- Median age40.7
Common questions
Queens County questions, answered from the record.
How many people live in Queens County, New York?
2,323,052, in 841,003 households, ranking 2nd of 62 New York counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Queens County growing?
The population has fallen 3.68 percent since the 2020 census base. In 2024 there were 23,725 births against 14,694 deaths, with net migration of 13,219. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Queens County?
$86,136. The median owner-occupied home is valued at $723,800, which is 8.4 times income, and median gross rent is $1,956 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Queens County?
51,188 establishments, employing 616,045 people with an annual payroll of $35.02 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Queens County?
Average annual pay is $67,719, or $1,302 a week, across 770,653 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Queens County?
1,994 7(a) approvals totalling $782.1 m since FY2020, across 109 lenders, with a median approval of $120,000, plus 291 504 approvals worth $375.3 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Queens County get paid back?
Of the 325 loans that have reached a final outcome, 224 were paid in full and 101 charged off, a charge off rate of 31.1 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Queens County?
5,302 housing units were authorised by permit in 2024, with a declared construction value of $827.1 m. Multifamily was 98.9 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Queens County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Queens County come from?
The largest single origin is Queens County Non-migrants, with 972,654 households. Arriving households report an average income of $70,474 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Queens County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Queens County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.