New report finds New York City's nightlife supports 299,000 jobs, $13.1 billion in employee compensation, and $35.1 billion in total economic output.
There are more than 25,000 nightlife establishments contributing $697 million in local tax revenue. Nightlife related jobs and wages are growing faster than the rest of the city's economy. Food service is the backbone of NYC's nightlife economy, responsible for the vast majority of jobs, employee compensation, and economic output.
In the new report, nightlife is defined as the activity that occurs between 6 p.m. and 6 a.m. in five hospitality and entertainment subsectors: food service, bars, venues, arts and culture, and spectator sports and recreation. Here is a breakdown of the economic contribution of each:
Manhattan captures most of the jobs and economic activity in nightlife with 128,000 direct jobs and $4.8 billion in employee compensation representing 66% and 65% of direct economic activity relating to nightlife, respectively. Manhattan has experienced a relatively modest 2% growth in establishments with 13,000 as of 2016, and a 1.6% annualized growth rate in liquor licenses since 2000.
Brooklyn has experienced the greatest growth in nightlife with 5,500 establishments as of 2016 and an annual growth rate of 5%. Jobs and wages have risen 10% and 15%, respectively, with a total of 31,100 direct nightlife jobs and $608 million in wages.
Queens, with 4,800 nightlife establishments in 2016, also outpaced overall city nightlife growth. The borough has experienced strong annualized growth rates for jobs and wages, 7% and 9% respectively. Notably, Queens' venues have grown by 10% in the last five years in comparison to citywide venue growth of 4%.
In The Bronx, there were 7,600 total nightlife jobs supporting $129 million in wages in 2016. The annualized growth rate for jobs is 7% and the annualized wage growth rate is 9%. Venues grew by 3%, however, the bars and food service subsectors declined by 2%.
Staten Island is the quietest nightlife economy of the five boroughs with 800 nightlife establishments in 2016, a slight decline from 815 in 2015. The borough has 3,900 direct nightlife jobs, supporting $64M in wages.