Average Nurse Practitioners Salary in Albany-Schenectady-Troy, NY
Nurse Practitioners in the Albany-Schenectady-Troy, NY area earn an average annual salary of $131,060. This figure is remarkably close to the national average of $131,710, indicating a stable and competitive compensation landscape. Local economic factors and demand within the healthcare sector likely contribute to this alignment with national pay scales.
Executive Summary
- Average Salary: $131,060 per year.
- Growth Trend: Salaries have shifted 18.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,080.
- Outlook: With a local workforce of 780 Nurse Practitioners and a Location Quotient of 0.89, the Albany-Schenectady-Troy area presents a moderately concentrated but stable job market for this profession. While not exceeding the national concentration, the existing workforce suggests consistent demand and opportunities for skilled professionals within the region.
Salary Overview
The average Nurse Practitioners in Albany-Schenectady-Troy, NY earns-0.5%below the national average.
$63
$2,520
$10,922
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Nurse Practitioner salaries in Albany-Schenectady-Troy have experienced growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, evolving scope of practice, and inflation typically drive upward salary adjustments for advanced practice registered nurses.
Nurse Practitioners Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Nurse Practitioners in Albany-Schenectady-Troy is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with specialized skills and extensive experience can command salaries at the higher percentiles, reflecting a clear path for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $102,390 | $49.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $98,295 | $47.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $129,490 | $62.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $163,825 | $78.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $163,080 | $78.4 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$131,060
Gross Pay
Real Wage (Purchasing Power)
$131,060
Adjusted for COL (100)
The average annual salary of $131,060 in Albany-Schenectady-Troy aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Nurse Practitioner's salary in this region is equivalent to the national average, offering a stable financial outlook without significant cost-of-living advantages or disadvantages.
Job Market Context
780
Total Jobs
1.771
Per 1K Jobs
0.89
Location Quotient
Albany-Schenectady-Troy, NY has 0.89x the national average concentration of Nurse Practitioners jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.89 suggests that Nurse Practitioner employment in Albany-Schenectady-Troy is slightly less concentrated than the national average. This indicates a healthy, but not oversaturated, job market, implying that while opportunities exist, the demand is balanced with the available talent pool.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Nurse Practitioners Salary | $128,630↓ 2% | 31 mi |
| Glens Falls, NY Nurse Practitioners Salary | $132,600↑ 1% | 45 mi |
| Kingston, NY Nurse Practitioners Salary | $135,390↑ 3% | 52 mi |
| Southwest New York nonmetropolitan area Nurse Practitioners Salary | $130,140↓ 1% | 68 mi |
| Central East New York nonmetropolitan area Nurse Practitioners Salary | $133,020↑ 1% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Albany-Schenectady-Troy, NY?
The median annual salary for a Nurse Practitioners in Albany-Schenectady-Troy, NY is $131,060. This typically ranges from $102,390 for entry-level positions to $163,080 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 0.5% lower than the national median of $131,710.
Is Albany-Schenectady-Troy, NY a lucrative place for Nurse Practitioners?
Yes, it is a competitive location for Nurse Practitioners.The average salary of $131,060 is on par with the national average, and the cost of living is also at the national average, indicating strong earning potential relative to expenses.
Is Albany-Schenectady-Troy, NY a good place to live for Nurse Practitioners?
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 ($128,630) and Glens Falls, NY.
What is the average salary for a Nurse Practitioner in Albany-Schenectady-Troy, NY?
The average annual salary for a Nurse Practitioner in Albany-Schenectady-Troy, NY is $131,060.
How does the Albany-Schenectady-Troy NP salary compare to the national average?
The average salary in Albany-Schenectady-Troy is $131,060, which is very close to the national average of $131,710.
What is the Cost of Living in Albany-Schenectady-Troy, NY?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100, which is exactly the national average.
How concentrated is the Nurse Practitioner job market in Albany-Schenectady-Troy, NY?
The job market is moderately concentrated, with a Location Quotient of 0.89, indicating a stable presence of Nurse Practitioners relative to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Albany-Schenectady-Troy, NY area with a job density of 1.771 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY