NAICS 62

Healthcare and Social Assistance in New York: 2026 Market Risk Report

Entry risk 48.2 (Elevated), ranked #39 of 51 states. 60,750 establishments, 1,818,891 jobs.

Entry Risk Assessment

Entry Risk Score 48.2
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national healthcare and social assistance average.

⚡Volatile Market

New York's healthcare and social assistance sector shows high establishment density (top 5 nationally) paired with firm retention in the bottom 10. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
15.7%
Percentile within industry
Rank #44 of 51 states
Growth Momentum
↑ 52.4
Scale of 0-100
Rank #19 of 51 states
Establishment Density
2.4
vs. national average
Rank #4 of 51 states
Market Volatility
53.3
Lower is more stable
Wage Pressure Index
22.6
Labor cost pressure

60,750 Establishments in New York

60,750
Establishments
+1.7% YoY
1,818,891
Total Employment
+5.8% YoY
$63,827
Average Annual Wage
+1.7% YoY

New York vs National Healthcare and Social Assistance Average

How New York's healthcare and social assistance market compares to the national average across all 51 states.

Metric NY National Difference
Entry Risk Score 48.2 40.5 +7.7
5-Year Retention 15.7% 51.0% -35.3
Growth Momentum 52.4 46.8 +5.6
Market Volatility 53.3 27.8 +25.5
Establishment Density 2.4 12.9 -10.5
Wage Pressure 22.6 49.0 -26.4

Green = favorable vs national average. Red = less favorable. Metrics are relative within healthcare and social assistance only.

New York Ranks #39 of 51 for Healthcare and Social Assistance

New York ranks #39 out of 51 states for healthcare and social assistance market entry conditions.

Healthcare and Social Assistance Entry Risk by State

Rank State Risk Score Classification
#1 Utah 22.9 low
#2 Nebraska 23.7 low
#3 North Dakota 26.2 low
#4 Iowa 26.7 low
#5 District of Columbia 27.9 low
#39 New York You 48.2 elevated
Entry Risk by State Alaska — 50.3 · #44 Alabama — 43.6 · #31 Arkansas — 39.5 · #24 Arizona — 44.1 · #32 California — 54.6 · #49 Colorado — 46.7 · #35 Connecticut — 30.9 · #8 District of Columbia — 27.9 · #5 Delaware — 44.8 · #33 Florida — 47.2 · #37 Georgia — 43.3 · #28 Hawaii — 50.2 · #43 Iowa — 26.7 · #4 Idaho — 29.8 · #7 Illinois — 43.6 · #30 Indiana — 31.2 · #10 Kansas — 34.0 · #15 Kentucky — 54.4 · #48 Louisiana — 34.6 · #16 Massachusetts — 48.4 · #40 Maryland — 36.8 · #21 Maine — 49.9 · #42 Michigan — 52.5 · #46 Minnesota — 31.0 · #9 Missouri — 55.6 · #51 Mississippi — 38.3 · #23 Montana — 33.0 · #13 North Carolina — 33.0 · #14 North Dakota — 26.2 · #3 Nebraska — 23.7 · #2 New Hampshire — 36.6 · #19 New Jersey — 45.1 · #34 New Mexico — 53.1 · #47 Nevada — 37.2 · #22 New York — 48.2 · #39 Ohio — 40.2 · #26 Oklahoma — 49.7 · #41 Oregon — 55.6 · #50 Pennsylvania — 29.5 · #6 Rhode Island — 36.0 · #17 South Carolina — 31.5 · #12 South Dakota — 31.4 · #11 Tennessee — 47.4 · #38 Texas — 46.8 · #36 Utah — 22.9 · #1 Virginia — 39.9 · #25 Vermont — 36.7 · #20 Washington — 52.3 · #45 Wisconsin — 43.4 · #29 West Virginia — 40.3 · #27 Wyoming — 36.4 · #18
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does New York stack up against other states for healthcare and social assistance?

Select a state above to see the comparison

Healthcare and Social Assistance in Neighboring States

How New York's healthcare and social assistance market compares to bordering states.

Pennsylvania 29.5 #6/51 Connecticut 30.9 #8/51 Vermont 36.7 #20/51 New Jersey 45.1 #34/51 Massachusetts 48.4 #40/51

Other Industries in New York

Construction → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →