Colleges, Universities, and Professional Schools in New York

Colleges, Universities, and Professional Schools (NAICS 61131) in New York reports 265,885 workers across 281 establishments, with $19.4B of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 14.3% of national employment for this industry, a concentration ratio that tells you whether New York is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale.

Wage benchmarking is where state-level data earns its keep. The average annual compensation for Colleges, Universities, and Professional Schools employees in New York is $73,148/yr, versus a national average of $56,181/yr. New York pays above the national average for this industry, which usually reflects higher skill concentration, union density, or regional cost of living.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Colleges, Universities, and Professional Schools is not reported, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Colleges, Universities, and Professional Schools national page (entity structure, SBA lending, sub-industries) and the New York overview (top employers, payroll dispersion across industries).