2024 Compare Cities Economy:
Albany, NY vs Wells, ME

Change Cities
Highlights
- Household income in Wells, is 35% more than it is in Albany and is 3% above the National Average.
- Albany unemployment rate is 7.1%.
- Wells unemployment rate is 7.1%.
 Albany, NYWells, MEUnited States
 Unemployment Rate7.1%7.1%6.0%
 Recent Job Growth0.5%2.2%1.6%
 Future Job Growth24.8%44.4%33.5%
 Sales Taxes8.0%5.5%6.2%
 Income Taxes6.2%6.8%4.6%
 Income per Cap.$31,969$41,618$37,638
 Household Income$52,583$71,090$69,021
 Family Median Income$72,988$89,346$85,028
 space
 Est. Households By Income
 Albany, NYWells, MEUnited States
 Income Less Than 15K16.0%9.2%9.4%
 Income between 15K and 20K5.2%4.9%3.8%
 Income between 20K and 30K9.1%6.3%8.1%
 Income between 30K and 40K8.2%8.4%8.0%
 Income between 40K and 50K9.6%6.2%7.6%
 Income between 50K and 60K7.4%5.1%7.2%
 Income between 60K and 75K9.1%12.2%9.6%
 Income between 75K and 100K11.4%10.2%12.8%
 Income between 100K and 150K13.9%18.8%16.3%
 Income between 150K and 200K5.1%10.3%7.8%
 Income greater than 200K5.1%8.6%9.5%
 space1
 Population By Occupation
 Albany, NYWells, MEUnited States
 Management, business, finance15.1%21.3%16.4%
 Engineering, computers, science7.6%4.2%6.5%
 Community, social services3.6%1.2%1.8%
 Legal1.7%1.2%1.2%
 Education, library7.4%4.4%6.2%
 Arts, design, media, sports, entertainment2.4%1.9%2.0%
 Healthcare practitioners and technology7.3%6.8%6.2%
 Healthcare support5.6%3.0%3.3%
 Firefighters, law enforcement2.4%2.6%2.1%
 Food preparation, serving5.7%5.7%5.4%
 Building maintenance3.9%6.7%3.6%
 Personal care3.6%2.5%2.6%
 Sales, office, administrative support23.7%20.8%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair2.8%8.7%8.1%
 Production, transportation, material moving7.2%9.0%13.1%
Reviews for Albany    56 Reviews

Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

   |    Reply

Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

   |    Reply

Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

   |    Reply

Start Your Review of Albany

Reviews for Wells    2 Reviews

Over 15 years ago

Although it is getting crowded, Wells is beautiful in summer. long sandy beaches and of course the ocean. The water is cold, so lounging more than swimming is  More

   |    Reply

Over 15 years ago

2007-2009 has been full of snow storms November to  More

   |    Reply

Start Your Review of Wells


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.