Average Construction and Extraction Occupations Salary in Albany-Schenectady-Troy, NY
In the Albany-Schenectady-Troy, NY metropolitan area, professionals in Construction and Extraction Occupations earn an impressive average annual salary of $70,070. This figure notably surpasses the national average of $64,030, indicating a localized premium for these essential roles. The higher compensation in this region can often be attributed to factors such as regional demand, project complexity, and the specific skill sets required within the local construction landscape.
Executive Summary
- Average Salary: $70,070 per year.
- Growth Trend: Salaries have shifted 16.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $108,480.
- Outlook: The Albany-Schenectady-Troy region supports a substantial workforce of 16,110 individuals in Construction and Extraction Occupations. With a jobs-per-1,000-workers ratio of 36.358, the demand for these skilled professionals is evident. Although the Location Quotient of 0.88 suggests a slightly lower concentration compared to the national average, the sheer size of the local workforce and the consistent job creation point towards a stable and robust job market for these roles.
Salary Overview
The average Construction and Extraction Occupations in Albany-Schenectady-Troy, NY earns+9.4%above the national average.
$33.7
$1,348
$5,839
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the Construction and Extraction Occupations sector in Albany-Schenectady-Troy has experienced steady growth over the past four years, mirroring national trends. This growth likely translates to incremental salary increases as demand for skilled labor persists and the cost of materials and services fluctuates, ensuring that compensation remains competitive within the regional economy.
Construction and Extraction Occupations Salary Distribution in Albany-Schenectady-Troy, NY
Within the Construction and Extraction Occupations field, salary progression is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and supervisory experience can see their earnings significantly increase. The percentile gaps in salary data, though not detailed here, would reflect this career trajectory, with senior roles occupying the higher salary percentiles, signifying substantial career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $43,470 | $20.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $52,553 | $25.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $62,560 | $30.1 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $87,588 | $42.1 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $108,480 | $52.2 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$70,070
Gross Pay
Real Wage (Purchasing Power)
$70,070
Adjusted for COL (100)
The average annual salary of $70,070 in Albany-Schenectady-Troy, NY, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a balanced financial outlook for those considering relocation or currently residing in the area. While the salary is above the national average for the occupation, the cost of living does not inflate expenses beyond the typical national rate.
Job Market Context
16,110
Total Jobs
36.358
Per 1K Jobs
0.88
Location Quotient
Albany-Schenectady-Troy, NY has 0.88x the national average concentration of Construction and Extraction Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient (LQ) of 0.88 for Construction and Extraction Occupations in Albany-Schenectady-Troy indicates that this sector is slightly less concentrated than the national average. This suggests that while the occupation is well-represented, there isn't an overabundance of workers relative to other industries compared to the national benchmark. This can imply a healthy demand-supply balance, potentially leading to competitive opportunities for skilled workers without extreme market saturation.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Construction and Extraction Occupations Salary | $68,040↓ 3% | 31 mi |
| Glens Falls, NY Construction and Extraction Occupations Salary | $63,960↓ 9% | 45 mi |
| Kingston, NY Construction and Extraction Occupations Salary | $66,090↓ 6% | 52 mi |
| Southwest New York nonmetropolitan area Construction and Extraction Occupations Salary | $59,400↓ 15% | 68 mi |
| Central East New York nonmetropolitan area Construction and Extraction Occupations Salary | $59,830↓ 15% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Albany-Schenectady-Troy, NY?
The median annual salary for a Construction and Extraction Occupations in Albany-Schenectady-Troy, NY is $70,070. This typically ranges from $43,470 for entry-level positions to $108,480 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 9.4% higher than the national median of $64,030.
Is Albany-Schenectady-Troy, NY a lucrative place for Construction and Extraction Occupationss?
Yes, it offers above-average earnings.The average salary of $70,070 significantly exceeds the national average, and the cost of living is at the national average, making it financially advantageous.
Is Albany-Schenectady-Troy, NY a good place to live for Construction and Extraction 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 ($68,040) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average annual salary for Construction and Extraction Occupations in Albany-Schenectady-Troy is $70,070, which is higher than the national average of $64,030.
What is the concentration of Construction and Extraction jobs in this area?
The Location Quotient is 0.88, meaning the concentration of these jobs is slightly below the national average, suggesting a balanced market.
Does the cost of living affect the value of the salary?
No, the Cost of Living Index is 100, which is the national average. Therefore, the $70,070 salary has the same purchasing power as the national average salary.
How large is the Construction and Extraction workforce locally?
The total local workforce for these occupations is 16,110, with 36.358 jobs per 1,000 workers, indicating a significant presence in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,110 employees in the Albany-Schenectady-Troy, NY area with a job density of 36.358 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY