Question 1

What is the cost of living in Albany-Schenectady-Troy, NY?

Accepted Answer

Albany-Schenectady-Troy, NY's overall price level (BEA Regional Price Parity) is 99.57, where 100 equals the U.S. average. That means everyday goods, services, and housing cost about 0.4% less than the national average. HUD's Fair Market Rent for a 2-bedroom is $1,702/month.

Question 2

What is the average salary in Albany-Schenectady-Troy, NY?

Accepted Answer

Across the 100 BLS-tracked occupation categories with published data in Albany-Schenectady-Troy, NY, the average median wage is $132,846. The single highest-paying occupation here is Anesthesiologists at $471,720/year (BLS OEWS).

Question 3

What are the highest-paying jobs in Albany-Schenectady-Troy?

Accepted Answer

Based on BLS OEWS data, the top-paying occupations in Albany-Schenectady-Troy, NY are: 1) Anesthesiologists at $471,720; 2) Physicians, All Other at $314,460; 3) Psychiatrists at $260,000; 4) Obstetricians and Gynecologists at $253,580; 5) Family Medicine Physicians at $236,090. Click any occupation above to see the full wage breakdown (10th to 90th percentile).

Question 4

How much does it cost to rent a 2-bedroom apartment in Albany-Schenectady-Troy?

Accepted Answer

The U.S. Department of Housing and Urban Development's Fair Market Rent (FMR) for a 2-bedroom unit in Albany-Schenectady-Troy, NY is $1,702/month. FMR is the rent level HUD uses to administer housing assistance and reflects the 40th percentile of standard-quality rentals, updated annually.

Question 5

Where does AffordMap's Albany-Schenectady-Troy data come from?

Accepted Answer

Salary figures come from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. Cost of living comes from the Bureau of Economic Analysis Regional Price Parities (RPP). Rent comes from HUD Fair Market Rents. All three are federal datasets, updated annually, and free to use. AffordMap pairs them so you can see what a salary actually buys after local costs.

Rank	Occupation	Category	Median salary	Hourly
41	Electronics Engineers, Except Computer	Engineering	$128K	$61.33/hr
42	Training and Development Managers	Management	$127K	$61.07/hr
43	Education Administrators, Kindergarten through Secondary	Management	$125K	N/A
44	Economics Teachers, Postsecondary	Education	$125K	N/A
45	Electrical and Electronics Repairers, Powerhouse, Substation, and Relay	Repair & Maintenance	$125K	$59.95/hr
46	Personal Financial Advisors	Business & Finance	$125K	$59.91/hr
47	Human Resources Managers	Management	$125K	$59.88/hr
48	Administrative Services Managers	Management	$122K	$58.82/hr
49	Elevator and Escalator Installers and Repairers	Construction & Trades	$121K	$58.4/hr
50	Medical and Health Services Managers	Management	$121K	$58.4/hr

Top Paying Jobs in Albany-Schenectady-Troy, NY

Highest paying careers in Albany-Schenectady-Troy

Affordability snapshot: Albany-Schenectady-Troy