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Average Aerospace Engineers Salary in Albany-Schenectady-Troy, NY

Aerospace Engineers in the Albany-Schenectady-Troy, NY area earn an average annual salary of $135,900. This figure is slightly below the national average of $141,460, indicating a localized compensation structure influenced by regional economic factors and industry demand. While the pay is competitive, it aligns closely with the national cost of living, suggesting a stable purchasing power for these professionals.

Executive Summary

  • Average Salary: $135,900 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $213,650.
  • Outlook: The Albany-Schenectady-Troy region supports a dedicated workforce of 200 Aerospace Engineers. With a Location Quotient of 1.02, the concentration of these roles is marginally higher than the national average, suggesting a stable, albeit not rapidly expanding, demand for specialized aerospace talent within this metropolitan area. The presence of this workforce indicates a consistent need for their expertise in local industries.
2024 Market Data

Salary Overview

$135,900

The average Aerospace Engineers in Albany-Schenectady-Troy, NY earns-3.9%below the national average.

BreakdownBased on 40h/week
Hourly

$65.3

Weekly

$2,613

Monthly

$11,325

Aerospace Engineers Salary Distribution in Albany-Schenectady-Troy, NY

The salary landscape for Aerospace Engineers in Albany-Schenectady-Troy, NY, naturally scales with experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior engineers with extensive expertise and specialized skills can expect significantly higher compensation. The percentile gaps between junior and senior roles are indicative of substantial career progression opportunities and the value placed on accumulated knowledge and leadership within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$95,780$46
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$101,925$49
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$129,520$62.3
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$169,875$81.7
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$213,650$102.7

Detailed Aerospace Engineers Market Analysis

Relocation Context

Nominal Salary

$135,900

Gross Pay

Real Wage (Purchasing Power)

$135,900

Adjusted for COL (100)

An average annual salary of $135,900 in Albany-Schenectady-Troy, NY, is effectively positioned against a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of an Aerospace Engineer's salary in this region is comparable to the national standard, allowing for a comfortable lifestyle without significant financial strain relative to other parts of the country.

Job Market Context

200

Total Jobs

0.452

Per 1K Jobs

1.02

Location Quotient

Above Average

With a location quotient of 1.02, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Aerospace Engineers roles compared to the national norm.

The Location Quotient of 1.02 for Aerospace Engineers in Albany-Schenectady-Troy, NY, signifies a job market that is very close to the national average in terms of concentration. This indicates a balanced market where the demand for aerospace engineering talent is present and aligns with the national distribution, suggesting neither a significant oversupply nor a critical shortage of professionals in the area.

Nearby Job Markets

Hiring Aerospace Engineerss?

Frequently Asked Questions

How much does a Aerospace Engineers make in Albany-Schenectady-Troy, NY?

The median annual salary for a Aerospace Engineers in Albany-Schenectady-Troy, NY is $135,900. This typically ranges from $95,780 for entry-level positions to $213,650 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 3.9% lower than the national median of $141,460.

Is Albany-Schenectady-Troy, NY a lucrative place for Aerospace Engineers?

Yes, it offers a competitive salary.With an average salary of $135,900 and a cost of living matching the national average, Albany-Schenectady-Troy provides a financially stable environment for Aerospace Engineers.

Is Albany-Schenectady-Troy, NY a good place to live for Aerospace Engineers?

The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.

How does the Albany-Schenectady-Troy salary compare to the national average?

The average salary for Aerospace Engineers in Albany-Schenectady-Troy, NY, is $135,900, which is slightly lower than the national average of $141,460.

What is the concentration of Aerospace Engineers in this region?

The region has a Location Quotient of 1.02, indicating a concentration of Aerospace Engineers that is just slightly above the national average.

How does the cost of living affect the salary?

With a Cost of Living Index of 100, the salary of $135,900 in Albany-Schenectady-Troy holds purchasing power equivalent to the national average.

What is the total workforce size for Aerospace Engineers locally?

There are approximately 200 Aerospace Engineers employed within the Albany-Schenectady-Troy, NY metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.452 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Albany-Schenectady-Troy, NY

Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY