NYC triples spending to $368M as homeless population grows by 26%


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New York City has more than tripled spending on unsheltered homelessness since 2019, shelling out nearly $368 million even as the number of people living on the streets continued to rise, according to a state comptroller’s report.

The city’s own numbers show the unsheltered population grew from 3,588 in fiscal year 2019 to 4,504 in fiscal year 2025, a 26% increase from pre-pandemic levels. Over that same period, spending on services for the unsheltered jumped 262%, from $102 million to nearly $368 million. 

That works out to roughly $81,700 per unsheltered person in FY 2025 — slightly more than the city’s median household income, though the comparison is only a broad benchmark since public spending and household earnings are not directly comparable.

The numbers show the city is pouring in more money while the street homeless population continues to grow — and taxpayers are footing the bill.

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A man sleeps on the E train, one of the subway lines most utilized by homeless New Yorkers for shelter, in Queens, New York, on Monday, April 7, 2025. (Victor J. Blue for The Washington Post/Getty Images)

Still, the report notes that New York’s shelter system remains unusually large by national standards. 

Los Angeles, the city with the next-largest homeless population, has about 71,000 homeless people, roughly half of New York City’s 2024 total, and about 70% of them are unsheltered. In New York City, by contrast, nearly 97% of the homeless population is in shelters.

The findings are likely to add fuel to the broader debate over housing affordability, as soaring rents and a shortage of low-cost housing remain central to New York City’s homelessness crisis — and a key issue for Mayor Zohran Mamdani.

While Mamdani has proposed freezing rents on roughly 2 million stabilized apartments, many economists argue that rent freezes may…

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