Financial Managers Salary in Albany-Schenectady-Troy, NY
Financial Managers in Albany-Schenectady-Troy, NY make a median of $146,910 a year, or about $70.63 an hour. Entry-level workers start around $95K. (BLS did not publish a top-end figure for this area.) Adjusted for local prices (RPP 99.57), that's roughly $147,544 in purchasing power. Rent on a 2-bedroom averages $1,702/month, or 19.6% of estimated take-home pay.
AffordMap analysis of BLS Occupational Employment and Wage Statistics (latest release, May 2024)
So what does $147K get you in Albany-Schenectady-Troy?
About financial managers
Compensation breakdown
Annual earnings by percentile, Albany-Schenectady-Troy, NY
Entry-level financial managers (10th percentile) start around $95K. Mid-career wages sit at $147K.BLS did not publish 90th percentile data for this occupation in this area (sample size too small).
Financial Managers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $216K | +33% | 67,510 |
| New Jersey | $189K | +17% | 32,370 |
| District of Columbia | $181K | +12% | 7,950 |
| Massachusetts | $181K | +12% | 27,690 |
| Delaware | $180K | +11% | 2,800 |
| California | $175K | +8% | 96,860 |
| Washington | $171K | +6% | 13,890 |
| Virginia | $170K | +5% | 20,590 |
| Connecticut | $170K | +5% | 20,200 |
| Georgia | $163K | +1% | 22,720 |
| Rhode Island | $160K | -1% | 2,310 |
| Texas | $160K | -1% | 67,580 |
| North Carolina | $160K | -1% | 21,170 |
| Illinois | $160K | -1% | 53,400 |
| Minnesota | $158K | -2% | 16,520 |
Track financial managers salary changes
BLS updates this data quarterly. We'll email you when Albany-Schenectady-Troy numbers change.
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Frequently asked questions
How much do financial managers make in Albany-Schenectady-Troy, NY?
The median is $146,910 a year - that works out to about $70.63 an hour. The range is wide: entry-level workers start around $95,010. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $147K enough to live in Albany-Schenectady-Troy?
On that salary, you'd take home roughly $8,617/month after taxes. A 2-bedroom here rents for about $1,702/month (HUD Fair Market Rent), which eats 19.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial managers salary go in Albany-Schenectady-Troy?
Albany-Schenectady-Troy has a Regional Price Parity of 99.57 (100 is the national average). That's below average - your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial managers salary is worth about $147,544 in national-average purchasing power.
Where do financial managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.