New York City Mayor Zohran Mamdani delivers his inaugural address Thursday, Jan. 1, 2026, outside City Hall. (Fox News/Pool)
New York City consistently ranks among the most expensive cities in the country, with housing costs far above the national average.
An annual salary of about $260,000 would place Mamdani among the city’s top earners, more than three times New York City’s median household income of roughly $80,000, according to the most recent Census Bureau data.
Mamdani posted on his Instagram account in December that he and his wife Rama would move from their home in Astoria, Queens, to Gracie Mansion, the official, rent-free residence of the mayor on Manhattan's Upper East Side, in January.
Mayor Zohran Mamdani reacts after speaking during his inauguration ceremony, Thursday, Jan. 1, 2026, in New York. (Heather Khalifa/AP Photo)
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"City Hall will deliver an agenda of safety, affordability and abundance—where government looks and lives like the people it represents, never flinches in the fight against corporate greed, and refuses to cower before challenges that others have deemed too complicated," Mamdani said in his inaugural address.
"In so doing, we will provide our own answer to that age-old question—who does New York belong to? Well, my friends, we can look to Madiba and the South African Freedom Charter: New York ‘belongs to all who live in it.’"
Ashley Carnahan is a writer at Fox News Digital.
https://www.foxnews.com/politics/nyc-mayor-zohran-mamdani-set-earn-258k-about-80-more-than-his-prior-salary