Average Electrical Engineers Salary in Albany-Schenectady-Troy, NY
Electrical Engineers in the Albany-Schenectady-Troy, NY area earn an average annual salary of $115,130. This figure is slightly below the national average of $121,030, suggesting a localized market dynamic influencing compensation. Factors such as regional industry demand, the cost of doing business, and the specific skill sets prevalent in the area likely contribute to this pay differential.
Executive Summary
- Average Salary: $115,130 per year.
- Growth Trend: Salaries have shifted 5.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,520.
- Outlook: The Albany-Schenectady-Troy region supports a robust local workforce of 710 Electrical Engineers. With a Location Quotient of 1.31, indicating a higher concentration of these professionals than the national average, the job market demonstrates a strong regional demand and a well-established presence for this specialized field.
Salary Overview
The average Electrical Engineers in Albany-Schenectady-Troy, NY earns-4.9%below the national average.
$55.4
$2,214
$9,594
Electrical Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Electrical Engineer salaries in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing technological complexity, infrastructure development, and the ongoing need for skilled engineering talent across various sectors.
Electrical Engineers Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for Electrical Engineers in Albany-Schenectady-Troy, as elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior engineers with extensive expertise and project management capabilities can expect substantially higher compensation. The widening gap between entry-level and senior salaries reflects the value placed on accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $77,370 | $37.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $86,348 | $41.5 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $103,440 | $49.7 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $143,913 | $69.2 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $164,520 | $79.1 |
Detailed Electrical Engineers Market Analysis
Relocation Context
Nominal Salary
$115,130
Gross Pay
Real Wage (Purchasing Power)
$115,130
Adjusted for COL (100)
The average nominal salary of $115,130 for Electrical Engineers in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of an Electrical Engineer's salary in this region is comparable to the national standard, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
710
Total Jobs
1.606
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Electrical Engineers roles compared to the national norm.
The Location Quotient of 1.31 for Electrical Engineers in Albany-Schenectady-Troy signifies a notable concentration of this profession compared to the national average. This suggests a competitive yet abundant job market, where employers actively seek specialized talent, and professionals have a good opportunity to find relevant employment within the region.
Nearby Job Markets
Nearby Cities for Electrical Engineers
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Electrical Engineers Salary | $125,580↑ 9% | 31 mi |
| Glens Falls, NY Electrical Engineers Salary | $110,020↓ 4% | 45 mi |
| Kingston, NY Electrical Engineers Salary | $108,820↓ 5% | 52 mi |
| Southwest New York nonmetropolitan area Electrical Engineers Salary | $108,060↓ 6% | 68 mi |
| Central East New York nonmetropolitan area Electrical Engineers Salary | $100,810↓ 12% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Electrical Engineerss?
Frequently Asked Questions
How much does a Electrical Engineers make in Albany-Schenectady-Troy, NY?
The median annual salary for a Electrical Engineers in Albany-Schenectady-Troy, NY is $115,130. This typically ranges from $77,370 for entry-level positions to $164,520 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 4.9% lower than the national median of $121,030.
Is Albany-Schenectady-Troy, NY a lucrative place for Electrical Engineers?
Yes, with a stable financial outlook.While the average salary is slightly below the national benchmark, the cost of living is also at the national average, maintaining comparable purchasing power. The strong local concentration indicates consistent demand for the role.
Is Albany-Schenectady-Troy, NY a good place to live for Electrical Engineers?
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 ($125,580) and Glens Falls, NY.
How does the local salary compare to the national average?
The average salary for Electrical Engineers in Albany-Schenectady-Troy is $115,130, which is approximately 5% lower than the national average of $121,030.
What is the concentration of Electrical Engineers in this area?
The Location Quotient is 1.31, meaning there are about 31% more Electrical Engineers employed in the Albany-Schenectady-Troy area than would be expected based on the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $115,130 offers purchasing power equivalent to the national average, making it financially comparable despite being slightly lower than the national salary figure.
What does the job market look like for Electrical Engineers here?
The market shows a healthy concentration of Electrical Engineers (LQ 1.31) and a workforce of 710, indicating a stable and active demand for these professionals in the Albany-Schenectady-Troy region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.606 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY