Average Software Developers Salary in Albany-Schenectady-Troy, NY
Software Developers in the Albany-Schenectady-Troy, NY area earn an average annual salary of $121,300. This figure is notably below the national average of $145,320, suggesting that local market dynamics and potentially the cost of living influence compensation in this region. While the nominal salary may seem lower, understanding the local economic landscape is crucial for a complete picture.
Executive Summary
- Average Salary: $121,300 per year.
- Growth Trend: Salaries have shifted 17.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,320.
- Outlook: With a local workforce of 2,970 Software Developers, the Albany-Schenectady-Troy area presents a stable, albeit less concentrated, job market. The Location Quotient of 0.62 indicates that this profession is less prevalent here compared to the national average, suggesting a moderate demand that may not be saturated. The presence of nearly 3,000 professionals points to an established industry presence.
Salary Overview
The average Software Developers in Albany-Schenectady-Troy, NY earns-16.5%below the national average.
$58.3
$2,333
$10,108
Software Developers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Software Developer salaries in Albany-Schenectady-Troy have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for tech talent, evolving industry needs, and inflation likely contribute to a positive salary trajectory for professionals in this field.
Software Developers Salary Distribution in Albany-Schenectady-Troy, NY
Salary progression for Software Developers in Albany-Schenectady-Troy typically correlates with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior developers with specialized skills and a proven track record can expect significantly higher compensation. The percentile gaps between junior, mid-level, and senior roles reflect the increasing value and responsibility associated with career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $75,450 | $36.3 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $90,975 | $43.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $115,970 | $55.8 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $151,625 | $72.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $173,320 | $83.3 |
Detailed Software Developers Market Analysis
Relocation Context
Nominal Salary
$121,300
Gross Pay
Real Wage (Purchasing Power)
$121,300
Adjusted for COL (100)
The average annual salary of $121,300 for Software Developers in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the local salary is equivalent to the national average, offering a stable financial foundation for residents without the premium often associated with higher-cost-of-living metropolitan areas.
Job Market Context
2,970
Total Jobs
6.697
Per 1K Jobs
0.62
Location Quotient
Albany-Schenectady-Troy, NY has 0.62x the national average concentration of Software Developers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.62 for Software Developers in Albany-Schenectady-Troy signifies that the concentration of these professionals is below the national average. This suggests that while there is a solid base of talent (2,970 individuals), the market may be less competitive than in major tech hubs, potentially offering more opportunities for skilled individuals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Software Developers
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Software Developers Salary | $144,070↑ 19% | 31 mi |
| Kingston, NY Software Developers Salary | $127,140↑ 5% | 52 mi |
| Southwest New York nonmetropolitan area Software Developers Salary | $117,460↓ 3% | 68 mi |
| Central East New York nonmetropolitan area Software Developers Salary | $111,610↓ 8% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Software Developerss?
Frequently Asked Questions
How much does a Software Developers make in Albany-Schenectady-Troy, NY?
The median annual salary for a Software Developers in Albany-Schenectady-Troy, NY is $121,300. This typically ranges from $75,450 for entry-level positions to $173,320 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 16.5% lower than the national median of $145,320.
Is Albany-Schenectady-Troy, NY a lucrative place for Software Developers?
Moderately so, with excellent cost of living alignment.While the average salary of $121,300 is below the national average, the cost of living is also at the national average, making the effective purchasing power comparable. The market is less concentrated than national averages, indicating potential opportunities.
Is Albany-Schenectady-Troy, NY a good place to live for Software Developers?
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 ($144,070) and Kingston, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average salary for Software Developers in Albany-Schenectady-Troy is $121,300, which is $24,020 less than the national average of $145,320.
What is the cost of living in Albany-Schenectady-Troy, NY?
The cost of living in Albany-Schenectady-Troy, NY is at the national average, with an index of 100.
How concentrated is the Software Developer job market in this area?
The concentration of Software Developers is below the national average, with a Location Quotient of 0.62, indicating a less saturated market compared to national trends.
How many Software Developers are there in the Albany-Schenectady-Troy area?
There are approximately 2,970 Software Developers employed in the Albany-Schenectady-Troy, NY 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 2,970 employees in the Albany-Schenectady-Troy, NY area with a job density of 6.697 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Software Developers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY