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Average Life, Physical, and Social Science Occupations Salary in Albany-Schenectady-Troy, NY

In the Albany-Schenectady-Troy, NY metropolitan area, professionals in Life, Physical, and Social Science Occupations earn an average annual salary of $87,530. This figure is slightly below the national average of $91,840. Local economic factors and the specific demand within the region contribute to this compensation level, creating a unique pay landscape for these vital scientific roles.

Executive Summary

  • Average Salary: $87,530 per year.
  • Growth Trend: Salaries have shifted 28.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $133,450.
  • Outlook: The Albany-Schenectady-Troy region supports a substantial workforce of 7,830 individuals in Life, Physical, and Social Science Occupations. With a Location Quotient of 1.88, indicating a concentration nearly double the national average, the demand for these professionals is robust. The presence of 17.687 jobs per 1,000 workers further underscores a strong and active job market for scientists and researchers in this area.
2024 Market Data

Salary Overview

$87,530

The average Life, Physical, and Social Science Occupations in Albany-Schenectady-Troy, NY earns-4.7%below the national average.

BreakdownBased on 40h/week
Hourly

$42.1

Weekly

$1,683

Monthly

$7,294

Life, Physical, and Social Science Occupations Salary Distribution in Albany-Schenectady-Troy, NY

Career progression within Life, Physical, and Social Science Occupations in Albany-Schenectady-Troy typically sees significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain specialized skills and take on more responsibility, their earning potential escalates considerably. The gap between entry-level and senior-level salaries highlights clear opportunities for career advancement and increased compensation within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$47,910$23
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$65,648$31.6
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$80,240$38.6
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$109,413$52.6
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$133,450$64.2

Detailed Life, Physical, and Social Science Occupations Market Analysis

Relocation Context

Nominal Salary

$87,530

Gross Pay

Real Wage (Purchasing Power)

$87,530

Adjusted for COL (100)

The average annual salary of $87,530 in Albany-Schenectady-Troy aligns perfectly with the national average cost of living, which is indexed at 100. This means that the nominal salary holds its purchasing power effectively within the local economy, offering a stable financial environment for residents. Individuals relocating to this area can expect their earnings to translate directly into their lifestyle without significant adjustments due to higher or lower living expenses.

Job Market Context

7,830

Total Jobs

17.687

Per 1K Jobs

1.88

Location Quotient

Major Hub

Albany-Schenectady-Troy, NY has 1.9x the national concentration of Life, Physical, and Social Science Occupations jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 1.88 signifies that Life, Physical, and Social Science Occupations are significantly more concentrated in the Albany-Schenectady-Troy area than the national average. This suggests a specialized and potentially competitive market where employers actively seek talent in these fields. The abundance of roles relative to the national benchmark indicates a strong regional focus on scientific endeavors, offering ample opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Life, Physical, and Social Science Occupations

CitySalaryDist.
Pittsfield, MA Life, Physical, and Social Science Occupations Salary$92,340↑ 5%31 mi
Glens Falls, NY Life, Physical, and Social Science Occupations Salary$83,340↓ 5%45 mi
Kingston, NY Life, Physical, and Social Science Occupations Salary$86,950↓ 1%52 mi
Southwest New York nonmetropolitan area Life, Physical, and Social Science Occupations Salary$81,030↓ 7%68 mi
Central East New York nonmetropolitan area Life, Physical, and Social Science Occupations Salary$74,960↓ 14%68 mi

Comparing salaries near Albany-Schenectady-Troy, NY

Hiring Life, Physical, and Social Science Occupationss?

Frequently Asked Questions

How much does a Life, Physical, and Social Science Occupations make in Albany-Schenectady-Troy, NY?

The median annual salary for a Life, Physical, and Social Science Occupations in Albany-Schenectady-Troy, NY is $87,530. This typically ranges from $47,910 for entry-level positions to $133,450 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 4.7% lower than the national median of $91,840.

Is Albany-Schenectady-Troy, NY a lucrative place for Life, Physical, and Social Science Occupationss?

Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living is exactly at the national average, making the $87,530 salary highly competitive in terms of purchasing power.

Is Albany-Schenectady-Troy, NY a good place to live for Life, Physical, and Social Science 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 ($92,340) and Glens Falls, NY.

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

The average annual salary for Life, Physical, and Social Science Occupations in Albany-Schenectady-Troy is $87,530, which is slightly lower than the national average of $91,840.

What is the concentration of Life, Physical, and Social Science Occupations in Albany-Schenectady-Troy?

The concentration, measured by the Location Quotient, is 1.88, indicating that these occupations are nearly twice as prevalent in the Albany-Schenectady-Troy area compared to the national average.

Does the cost of living affect the salary in Albany-Schenectady-Troy?

No, the cost of living in Albany-Schenectady-Troy is exactly at the national average (100), meaning the local salary of $87,530 has standard purchasing power.

How many Life, Physical, and Social Science professionals work in Albany-Schenectady-Troy?

There are approximately 7,830 individuals employed in Life, Physical, and Social Science Occupations within the Albany-Schenectady-Troy 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 7,830 employees in the Albany-Schenectady-Troy, NY area with a job density of 17.687 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 Life, Physical, and Social Science Occupations • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY