"Mamdani is set to earn a $258,750 annual salary as New York City mayor, a more than 80% increase from the $142,000 annual salary that he earns as a state assemblyman. He's also set to move into Gracie Mansion, the official mayoral residence, where he will not have to pay rent. Mamdani will take office on January 1, 2026."
"On the one hand, Mamdani's hefty new salary shouldn't be a huge surprise: The demands and responsibilities of managing a city of more than 8 million people are far greater than representing roughly 140,000 people in Queens. And it's not the highest mayoral salary out there: The mayor of San Francisco earns a salary of more than $380,000, while the mayor of Los Angeles earns just over $300,000."
Zohran Mamdani will receive a $258,750 annual salary as New York City mayor, an increase of more than 80% from his $142,000 state assembly salary. He will move into Gracie Mansion, the official mayoral residence, without paying rent, and will take office on January 1, 2026. Forbes estimates his net worth at about $200,000. He currently lives in a rent-stabilized Astoria apartment with reported monthly rent of $2,300. The New York mayoral salary is below some other large-city mayors but exceeds typical congressional and many federal official salaries.
Read at Business Insider
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