Economy in Albany, New York
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Economy
| Unemployment Rate | 7.70% | 9.10% |
| Recent Job Growth | -1.87% | -0.12% |
| Future Job Growth | 28.56% | 31.25% |
| Sales Taxes | 8.00% | 6.80% |
| Income Taxes | 6.85% | 6.25% |
| Income per Cap. | $23,006 | $27,067 |
| Household Income | $37,750 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 20.99% | 12.10% |
| Income between 15K and 25K | 13.88% | 10.18% |
| Income between 25K and 35K | 12.46% | 10.56% |
| Income between 35K and 50K | 14.92% | 14.98% |
| Income between 50K and 75K | 16.38% | 19.53% |
| Income between 75K and 100K | 9.17% | 12.52% |
| Income between 100K and 150K | 7.95% | 12.14% |
| Income between 150K and 250K | 2.36% | 3.91% |
| Income between 250K and 500K | 1.70% | 3.34% |
| Income greater than 500K | 0.19% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.91% | 13.81% |
| Professional and Related Occupations | 31.31% | 22.68% |
| Service | 15.85% | 14.51% |
| Sales and Office | 27.33% | 25.22% |
| Farming, Fishing, and Forestry | 0.03% | 0.68% |
| Construction, Extraction, and Maintenance | 3.91% | 9.37% |
| Production, Transportation, and Material Moving | 7.84% | 15.86% |
The unemployment rate in Albany, NY, is 7.70%, with job growth of -1.87%. Future job growth over the next ten years is predicted to be 28.56%.
Albany, NY Taxes
Albany, NY,sales tax rate is 8.00%. Income tax is 6.85%.
Albany, NY Income and Salaries
The income per capita is $23,006, which includes all adults and children. The median household income is $37,750.
Albany Economy SperlingViews
Terrible economy. No jobs.: Unless you work for the state the only job options (possibly) are retail jobs with a huge turn... (read more)albany ny apartments: Albany is a wonderful place to live. Especially now that the market for real estate and housing is on the up and up again. I would recommend it to live in some Albany... (read more)A mid-size city in upstate New York with a stable : Although state employees are a significant portion of the local workforce and budget cuts are looming, the job market has remained steady compared to other states.... (read more)Have an opinion about Albany? Leave a commentTo See All SperlingViews for Albany Click Here
