Average All Occupations Salary in Albany-Schenectady-Troy, NY
The average annual salary for All Occupations in the Albany-Schenectady-Troy, NY metropolitan area stands at $70,140. This figure is notably higher than the national average of $67,140, indicating a potentially stronger earning landscape within this region. Local economic factors and industry demands likely contribute to this favorable salary differential.
Executive Summary
- Average Salary: $70,140 per year.
- Growth Trend: Salaries have shifted 19.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,870.
- Outlook: With a substantial local workforce of 442,970 individuals, the Albany-Schenectady-Troy area demonstrates a significant labor market. The Location Quotient of 1.0 suggests that the concentration of All Occupations here is in line with the national average, implying a stable and well-established presence of these roles within the regional economy.
Salary Overview
The average All Occupations in Albany-Schenectady-Troy, NY earns+4.5%above the national average.
$33.7
$1,349
$5,845
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries across most occupations experience steady growth over a four-year period, driven by inflation, increased demand, and evolving skill requirements. Therefore, it's reasonable to assume that the average salary for All Occupations in Albany-Schenectady-Troy has likely seen a positive upward trend in recent years.
All Occupations Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for All Occupations typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while senior and specialized roles command substantially higher compensation. The percentile gaps in earnings clearly signify the career advancement and increased earning potential available as professionals gain experience and expertise in their fields.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $33,890 | $16.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $52,605 | $25.3 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $56,460 | $27.1 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $87,675 | $42.2 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $120,870 | $58.1 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$70,140
Gross Pay
Real Wage (Purchasing Power)
$70,140
Adjusted for COL (100)
The nominal average annual salary of $70,140 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the local salary is equivalent to the national average, suggesting that the cost of goods and services, housing, and everyday expenses are neither significantly higher nor lower than the typical American experience.
Job Market Context
442,970
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Albany-Schenectady-Troy indicates that the proportion of these jobs within the local workforce mirrors the national average. This suggests a balanced job market where the demand for these roles is neither exceptionally concentrated nor scarce compared to the rest of the country, implying a competitive yet accessible employment landscape.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA All Occupations Salary | $67,290↓ 4% | 31 mi |
| Glens Falls, NY All Occupations Salary | $61,370↓ 13% | 45 mi |
| Kingston, NY All Occupations Salary | $61,670↓ 12% | 52 mi |
| Southwest New York nonmetropolitan area All Occupations Salary | $58,420↓ 17% | 68 mi |
| Central East New York nonmetropolitan area All Occupations Salary | $59,280↓ 15% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Albany-Schenectady-Troy, NY?
The median annual salary for a All Occupations in Albany-Schenectady-Troy, NY is $70,140. This typically ranges from $33,890 for entry-level positions to $120,870 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 4.5% higher than the national median of $67,140.
Is Albany-Schenectady-Troy, NY a lucrative place for All Occupationss?
Yes, it offers a slightly above-average earning potential.The average salary of $70,140 exceeds the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for All Occupations?
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 ($67,290) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average annual salary for All Occupations in Albany-Schenectady-Troy is $70,140, which is $3,000 higher than the national average of $67,140.
What is the cost of living in Albany-Schenectady-Troy, NY?
The Cost of Living Index for Albany-Schenectady-Troy is 100, which is exactly the national average, meaning it is neither more nor less expensive than the typical US location.
How large is the workforce in Albany-Schenectady-Troy?
The total local workforce in Albany-Schenectady-Troy comprises 442,970 individuals, indicating a significant labor market.
Is there a high concentration of All Occupations jobs in this area?
The Location Quotient of 1.0 suggests that the concentration of All Occupations jobs in Albany-Schenectady-Troy is equivalent to the national average, indicating a balanced presence.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 442,970 employees in the Albany-Schenectady-Troy, NY area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY