Average Accountants and Auditors Salary in Albany-Schenectady-Troy, NY
Accountants and Auditors in the Albany-Schenectady-Troy, NY area earn an average annual salary of $94,180. This figure is remarkably close to the national average of $94,430, indicating a stable and competitive compensation landscape. The proximity to the national average suggests that local economic factors and demand are well-aligned with broader industry trends.
Executive Summary
- Average Salary: $94,180 per year.
- Growth Trend: Salaries have shifted 18.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,500.
- Outlook: The Albany-Schenectady-Troy region supports a robust workforce of 4,820 Accountants and Auditors. With a Location Quotient of 1.16, the area shows a concentration of these professionals slightly above the national average, suggesting a healthy and active job market with consistent demand for their specialized skills.
Salary Overview
The average Accountants and Auditors in Albany-Schenectady-Troy, NY earns-0.3%below the national average.
$45.3
$1,811
$7,848
Accountants and Auditors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that the compensation for Accountants and Auditors in Albany-Schenectady-Troy has seen steady growth over the past four years, mirroring national trends. Factors such as increasing regulatory complexity, evolving business needs, and a persistent demand for financial expertise typically drive salary increases in this profession.
Accountants and Auditors Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Accountants and Auditors in Albany-Schenectady-Troy typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but with accumulated expertise, certifications, and a proven track record, professionals can advance to senior roles commanding salaries in the higher percentiles, reflecting increased responsibility and value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,810 | $28.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,635 | $34 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $84,030 | $40.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $117,725 | $56.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,500 | $64.7 |
Detailed Accountants and Auditors Market Analysis
Relocation Context
Nominal Salary
$94,180
Gross Pay
Real Wage (Purchasing Power)
$94,180
Adjusted for COL (100)
The average annual salary of $94,180 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Accountant's salary in this region is equivalent to the national average, offering a stable financial environment for residents without significant cost of living adjustments needed.
Job Market Context
4,820
Total Jobs
10.887
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Accountants and Auditors roles compared to the national norm.
A Location Quotient of 1.16 signifies that Accountants and Auditors are 16% more concentrated in the Albany-Schenectady-Troy area than the national average. This suggests a slightly more abundant market for these professionals, potentially offering more job opportunities but also indicating a competitive environment where skills and experience are highly valued.
Nearby Job Markets
Nearby Cities for Accountants and Auditors
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Accountants and Auditors Salary | $91,940↓ 2% | 31 mi |
| Glens Falls, NY Accountants and Auditors Salary | $88,790↓ 6% | 45 mi |
| Kingston, NY Accountants and Auditors Salary | $89,230↓ 5% | 52 mi |
| Southwest New York nonmetropolitan area Accountants and Auditors Salary | $89,680↓ 5% | 68 mi |
| Central East New York nonmetropolitan area Accountants and Auditors Salary | $87,370↓ 7% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Accountants and Auditors make in Albany-Schenectady-Troy, NY?
The median annual salary for a Accountants and Auditors in Albany-Schenectady-Troy, NY is $94,180. This typically ranges from $58,810 for entry-level positions to $134,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 0.3% lower than the national median of $94,430.
Is Albany-Schenectady-Troy, NY a lucrative place for Accountants and Auditors?
Yes, it is a competitive location for Accountants and Auditors.The average salary is nearly on par with the national average, and the cost of living is also at the national average, indicating strong earning potential relative to expenses.
Is Albany-Schenectady-Troy, NY a good place to live for Accountants and Auditors?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($91,940) and Glens Falls, NY.
What is the average salary for Accountants and Auditors in Albany-Schenectady-Troy, NY?
The average annual salary for Accountants and Auditors in Albany-Schenectady-Troy, NY is $94,180.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average salary in Albany-Schenectady-Troy ($94,180) is very close to the national average ($94,430), indicating comparable earning potential.
What does the Location Quotient of 1.16 mean for Accountants and Auditors in Albany?
A Location Quotient of 1.16 means that Accountants and Auditors are 16% more concentrated in Albany-Schenectady-Troy than the national average, suggesting a slightly more robust job market for this profession.
How does the cost of living in Albany-Schenectady-Troy affect salary perception?
With a Cost of Living Index of 100, the national average, the $94,180 salary in Albany offers purchasing power equivalent to the national average, making it a financially stable location.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,820 employees in the Albany-Schenectady-Troy, NY area with a job density of 10.887 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Accountants and Auditors • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY