Financial Risk Specialists Salary
Financial Risk Specialists in Albany-Schenectady-Troy, NY make a median of $120,570 a year, or about $57.97 an hour. The range runs from $69K at the entry level to $187K for experienced workers. Adjusted for local prices (RPP 99.57), that's roughly $121,091 in purchasing power. Rent on a 2-bedroom averages $1,702/month, or 23.9% of estimated take-home pay.
So what does $121K get you in Albany-Schenectady-Troy?
Groceries, utilities, transportation, and healthcare scaled from national averages by Albany-Schenectady-Troy’s Regional Price Parity (99.57). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About financial risk specialists
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What this looks like in Albany-Schenectady-Troy
Financial risk specialists pay in Albany-Schenectady-Troy tracks closely to the national median, $121K locally vs. $117K nationwide, a 3% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,702/month, 23.5% of take-home, well inside the 30% guideline. Cost of living (RPP 99.57) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for financial risk specialists in metros near Albany-Schenectady-Troy, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| New York-Newark-Jersey City | $140K | $124K |
| Buffalo-Cheektowaga | $97K | $101K |
| Rochester | $86K | $88K |
| Syracuse | $123K | $128K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Albany-Schenectady-Troy, NY
Entry-level financial risk specialists (10th percentile) start around $69K. Mid-career wages sit at $121K. Top earners bring in $187K or more, a $118K spread from bottom to top.
Financial Risk Specialists pay across states
Median income ranked highest to lowest, compared to the national figure
View Financial Risk Specialists salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Hampshire | $158K | +35% | 300 |
| Maine | $141K | +20% | N/A |
| Delaware | $139K | +19% | 1,160 |
| New York | $137K | +17% | 12,060 |
| North Carolina | $132K | +13% | 3,200 |
| Massachusetts | $130K | +11% | 1,440 |
| New Jersey | $129K | +10% | 2,760 |
| California | $129K | +10% | 5,740 |
| Virginia | $127K | +8% | 1,770 |
| Washington | $123K | +5% | 900 |
| Colorado | $120K | +3% | 1,050 |
| Wyoming | $120K | +2% | 170 |
| Maryland | $117K | -0% | 890 |
| Connecticut | $114K | -3% | 660 |
| Oregon | $110K | -7% | 430 |
| Iowa | $106K | -10% | 530 |
| Minnesota | $105K | -10% | 1,190 |
| Rhode Island | $104K | -11% | 450 |
| Illinois | $104K | -11% | 2,920 |
| Michigan | $104K | -11% | 1,150 |
| Texas | $104K | -12% | 4,780 |
| Pennsylvania | $103K | -12% | 2,370 |
| Arizona | $103K | -12% | 1,700 |
| Montana | $101K | -14% | 50 |
| Missouri | $101K | -14% | 1,070 |
| Georgia | $101K | -14% | 2,180 |
| Nevada | $100K | -15% | 570 |
| Florida | $100K | -15% | 3,770 |
| South Carolina | $100K | -15% | 560 |
| Indiana | $99K | -15% | 380 |
| District of Columbia | $99K | -15% | 210 |
| Ohio | $99K | -16% | 2,110 |
| Wisconsin | $98K | -17% | 610 |
| Mississippi | $96K | -18% | 230 |
| West Virginia | $94K | -20% | 50 |
| Nebraska | $94K | -20% | 250 |
| Tennessee | $91K | -22% | 540 |
| Hawaii | $90K | -23% | 90 |
| New Mexico | $87K | -26% | 180 |
| Alaska | $85K | -27% | 50 |
| Oklahoma | $85K | -27% | 330 |
| Kansas | $85K | -28% | 150 |
| Alabama | $82K | -30% | 180 |
| South Dakota | $79K | -33% | 130 |
| Utah | $78K | -34% | 630 |
| Idaho | $77K | -34% | 270 |
| Kentucky | $75K | -36% | 500 |
| North Dakota | $75K | -36% | 90 |
| Arkansas | $66K | -44% | 150 |
| Louisiana | $58K | -50% | 520 |
Showing 1–10 of 50 states with published data
BLS does not publish data for every state when sample sizes are too small
Track financial risk specialists salary changes
BLS updates this data quarterly. We'll email you when Albany-Schenectady-Troy numbers change.
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in Albany-Schenectady-Troy?
Yes — at the median salary of $121K, rent takes 23.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,702/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in Albany-Schenectady-Troy?
The 10th-percentile wage — what new financial risk specialists typically earn — is $69K/year. Take-home on that works out to about $4,129/month. At HUD’s $1,702/month FMR, rent would take 41% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is financial risk specialist a high-paying job in Albany-Schenectady-Troy?
Pay here is roughly in line with the national average — $121K locally vs. $117K nationally, a 3% difference.
How does Albany-Schenectady-Troy compare to the national average for financial risk specialists?
Albany-Schenectady-Troy pays $121K median vs. the U.S. average of $117K — that’s +3%. After adjusting for local cost of living (RPP 99.57), the purchasing-power equivalent is $121K — still ahead of the national median.
How much do financial risk specialists make in Albany-Schenectady-Troy, NY?
The median is $120,570 a year, that works out to about $58 an hour. But the range is wide: entry-level workers start around $68,810, and experienced financial risk specialists can clear $186,800. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $121K enough to live in Albany-Schenectady-Troy?
On that salary, you'd take home roughly $7,248/month after taxes. A 2-bedroom here rents for about $1,702/month, which eats 23.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists 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 risk specialists salary is worth about $121,091 in national-average purchasing power.
Where do financial risk specialists 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.