Prevailing wage is the wage and benefit rate set by law, for each trade or occupation, for employees of contractors performing public works projects and building service work for government agencies.

Living wage is the minimum wage and benefit rate for employees of contractors that enter into certain service contracts with the City of New York, or receive certain types of financial assistance from the City of New York.

Archived Prevailing Wage and Living Wage Schedules beginning from year 2000.