Kathy Hochul, the Governor of New York, has come under fire for her luxurious lifestyle. Once Andrew Cuomo’s replacement, she’s made headlines for her income, which starkly contrasts with the struggles many New Yorkers face.
Recent tax records revealed that Hochul and her husband earned over $1.5 million in 2024. Her individual salary of about $260,000 is already double the state’s average. For the tax year of 2023-2024, their combined income approached $2 million, largely stemming from her husband’s earnings. This raises questions about her ability to understand the financial realities of everyday New Yorkers.
Experts suggest that such a wide income gap can create disconnect between leaders and the public. Political analyst Sarah Grant notes, “When officials are so far removed from average citizens’ lives, it can hinder their effectiveness in addressing real issues.” Hochul’s situation might complicate her campaign for re-election in 2026, especially as she appears reluctant to support initiatives—like Mayor Zohran Mamdani’s tax plan to help the city’s affordability—that focus on taxing the wealthy more.
The Hochuls don’t just enjoy high salaries; they also own multiple properties. Before her time in the Executive Mansion in Albany, they lived in a waterfront home in Buffalo worth $260,000. They later acquired another unit for $400,000, leveraging their earlier investments. Interestingly, Hochul has mentioned she resides in Manhattan, one of the priciest neighborhoods in New York, which suggests a life of comfort far removed from average residents’ experiences.
Additionally, Hochul owns a vacation home in Virginia, purchased for over $600,000. This raises eyebrows, especially as her constituents are facing tough times. With her significant wealth, Hochul may need to rethink her approach to taxation and affordability if she hopes to stay connected with the electorate.
In 2022, a survey by the Public Policy Institute found that 62% of New Yorkers felt their governor was out of touch with their needs. This sentiment could affect Hochul’s popularity moving forward.
As her gubernatorial campaign approaches, questions about her lifestyle and its impact on her policies continue to loom large. The contrast between her wealth and that of everyday New Yorkers could play a crucial role in shaping voter perceptions and her political future.
