Average Residential Advisors Salary in Albany-Schenectady-Troy, NY
Residential Advisors in Albany-Schenectady-Troy, NY, command an average annual salary of $44,250, surpassing the national average of $41,320. This localized premium is often driven by specific regional demands and the cost of operations within the state, reflecting a favorable compensation structure for these essential roles.
Executive Summary
- Average Salary: $44,250 per year.
- Growth Trend: Salaries have shifted 19.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $55,340.
- Outlook: The Albany-Schenectady-Troy, NY area supports a local workforce of 340 Residential Advisors, with a jobs-per-1,000-workers ratio of 0.774. The Location Quotient of 1.44 indicates a higher concentration of these roles compared to the national average, suggesting a robust and potentially growing demand within this specific metropolitan area.
Salary Overview
The average Residential Advisors in Albany-Schenectady-Troy, NY earns+7.1%above the national average.
$21.3
$851
$3,688
Residential Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Residential Advisors in Albany-Schenectady-Troy, NY, have experienced steady growth over the past four years, mirroring national trends of increasing wages in service-oriented and community support roles. This upward trajectory is likely influenced by inflation, evolving job responsibilities, and the ongoing need for skilled professionals in residential settings.
Residential Advisors Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Residential Advisors typically involves a salary increase tied to experience. Entry-level positions might start closer to the lower end of the pay scale, while senior advisors with extensive experience and specialized skills can command salaries significantly above the average. The percentile distribution of salaries, though not detailed here, would show a clear upward trend from junior to senior roles, signifying substantial earning potential with career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $35,010 | $16.8 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $33,188 | $16 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $44,830 | $21.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $55,313 | $26.6 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $55,340 | $26.6 |
Detailed Residential Advisors Market Analysis
Relocation Context
Nominal Salary
$44,250
Gross Pay
Real Wage (Purchasing Power)
$44,250
Adjusted for COL (100)
With an average annual salary of $44,250 and a Cost of Living Index precisely at the national average of 100, Residential Advisors in Albany-Schenectady-Troy, NY, experience a salary that directly reflects the typical U.S. cost of living. This means their earnings provide a purchasing power equivalent to the national average, offering stability for those considering relocation.
Job Market Context
340
Total Jobs
0.774
Per 1K Jobs
1.44
Location Quotient
With a location quotient of 1.44, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Residential Advisors roles compared to the national norm.
The Location Quotient of 1.44 for Residential Advisors in Albany-Schenectady-Troy, NY, signifies a market where these professionals are more concentrated than the national average. This suggests a higher demand relative to the general workforce, potentially leading to more job opportunities and a competitive environment for employers seeking qualified candidates.
Nearby Job Markets
Nearby Cities for Residential Advisors
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Residential Advisors Salary | $47,900↑ 8% | 31 mi |
| Glens Falls, NY Residential Advisors Salary | $46,390↑ 5% | 45 mi |
| Kingston, NY Residential Advisors Salary | $41,700↓ 6% | 52 mi |
| Southwest New York nonmetropolitan area Residential Advisors Salary | $44,100↓ 0% | 68 mi |
| Central East New York nonmetropolitan area Residential Advisors Salary | $43,440↓ 2% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Residential Advisorss?
Frequently Asked Questions
How much does a Residential Advisors make in Albany-Schenectady-Troy, NY?
The median annual salary for a Residential Advisors in Albany-Schenectady-Troy, NY is $44,250. This typically ranges from $35,010 for entry-level positions to $55,340 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 7.1% higher than the national median of $41,320.
Is Albany-Schenectady-Troy, NY a lucrative place for Residential Advisors?
Yes, it offers above-average compensation.Residential Advisors in this area earn more than the national average, and the cost of living is on par with the national average, indicating good purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for Residential Advisors?
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 ($47,900) and Glens Falls, NY.
How does the Albany-Schenectady-Troy, NY salary compare to the national average?
The average annual salary for Residential Advisors in Albany-Schenectady-Troy, NY is $44,250, which is higher than the national average of $41,320.
What is the concentration of Residential Advisors in this area?
The Location Quotient is 1.44, meaning Residential Advisors are 44% more concentrated in Albany-Schenectady-Troy, NY, than the national average.
How does the cost of living affect the salary?
The Cost of Living Index is 100, which is the national average. This means the $44,250 salary has purchasing power equivalent to the national average.
Are there many job opportunities for Residential Advisors in this region?
With a Location Quotient of 1.44 and 0.774 jobs per 1,000 workers, the concentration and availability suggest a healthy job market for Residential Advisors in Albany-Schenectady-Troy, NY.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.774 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Residential Advisors • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY