Average Medical and Health Services Managers Salary in Albany-Schenectady-Troy, NY
In the Albany-Schenectady-Troy, NY metropolitan area, Medical and Health Services Managers earn an average annual salary of $134,860. This figure is slightly below the national average of $137,170, suggesting a nuanced compensation landscape influenced by regional economic factors and the specific demands of the local healthcare sector. The stability of the healthcare industry and the need for skilled administrators contribute to this competitive salary range.
Executive Summary
- Average Salary: $134,860 per year.
- Growth Trend: Salaries have shifted 16.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,410.
- Outlook: The Albany-Schenectady-Troy region supports a local workforce of 1,670 Medical and Health Services Managers. With a Location Quotient of 1.03, the concentration of these roles in the area is slightly higher than the national average, indicating a stable and potentially growing demand for these professionals. The presence of a substantial workforce suggests a mature market with ongoing opportunities for experienced individuals.
Salary Overview
The average Medical and Health Services Managers in Albany-Schenectady-Troy, NY earns-1.7%below the national average.
$64.8
$2,593
$11,238
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Medical and Health Services Managers in Albany-Schenectady-Troy have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing healthcare expenditures, an aging population requiring more services, and the evolving complexity of healthcare management.
Medical and Health Services Managers Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Medical and Health Services Managers in Albany-Schenectady-Troy is marked by significant salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive leadership experience and specialized skills can command salaries well into the upper percentiles, reflecting their increased value and responsibility within healthcare organizations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $76,050 | $36.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $101,145 | $48.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $116,170 | $55.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $168,575 | $81 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,410 | $97.8 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$134,860
Gross Pay
Real Wage (Purchasing Power)
$134,860
Adjusted for COL (100)
The nominal average salary of $134,860 in Albany-Schenectady-Troy aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a Medical and Health Services Manager's salary in this region is equivalent to the national average. Consequently, the salary offers a standard lifestyle without significant financial strain or advantage compared to other areas with a similar cost of living.
Job Market Context
1,670
Total Jobs
3.762
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Medical and Health Services Managers roles compared to the national norm.
A Location Quotient of 1.03 signifies that Medical and Health Services Managers are slightly more concentrated in the Albany-Schenectady-Troy area than the national average. This suggests a healthy job market where demand is at least on par with, if not slightly exceeding, national levels. While not indicating an oversaturated market, it points to a stable environment with consistent opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Medical and Health Services Managers Salary | $143,740↑ 7% | 31 mi |
| Glens Falls, NY Medical and Health Services Managers Salary | $147,780↑ 10% | 45 mi |
| Kingston, NY Medical and Health Services Managers Salary | $138,720↑ 3% | 52 mi |
| Southwest New York nonmetropolitan area Medical and Health Services Managers Salary | $126,200↓ 6% | 68 mi |
| Central East New York nonmetropolitan area Medical and Health Services Managers Salary | $140,790↑ 4% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Albany-Schenectady-Troy, NY?
The median annual salary for a Medical and Health Services Managers in Albany-Schenectady-Troy, NY is $134,860. This typically ranges from $76,050 for entry-level positions to $203,410 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 1.7% lower than the national median of $137,170.
Is Albany-Schenectady-Troy, NY a lucrative place for Medical and Health Services Managerss?
Yes, it offers a competitive salary equivalent to the national average.With an average salary of $134,860 and a Cost of Living Index of 100, Medical and Health Services Managers in Albany-Schenectady-Troy experience purchasing power on par with the national average, indicating a financially stable environment.
Is Albany-Schenectady-Troy, NY a good place to live for Medical and Health Services Managers?
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 ($143,740) and Glens Falls, NY.
How does the local salary compare to the national average?
The average annual salary for Medical and Health Services Managers in Albany-Schenectady-Troy is $134,860, which is slightly lower than the national average of $137,170.
What is the concentration of Medical and Health Services Managers in this area?
The concentration, measured by the Location Quotient, is 1.03, indicating a slightly higher presence of these professionals in Albany-Schenectady-Troy compared to the national average.
How does the cost of living affect the salary?
The Cost of Living Index in Albany-Schenectady-Troy is 100, which is the national average. This means the $134,860 salary provides purchasing power equivalent to the national average.
What does the workforce size suggest about job opportunities?
With a local workforce of 1,670, the market is substantial, suggesting a stable demand for Medical and Health Services Managers and consistent opportunities for those in the field.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,670 employees in the Albany-Schenectady-Troy, NY area with a job density of 3.762 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY