2024 Compare Cities Economy:
Richmond, NY vs Albany, NY

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Highlights
- Household income in Albany, is 23% less than it is in Richmond and is 31% below the National Average.
- Richmond unemployment rate is 5.8%.
- Albany unemployment rate is 7.1%.
 Richmond, NYAlbany, NYUnited States
 Unemployment Rate5.8%7.1%6.0%
 Recent Job Growth1.0%0.5%1.6%
 Future Job Growth25.5%24.8%33.5%
 Sales Taxes7.5%8.0%6.2%
 Income Taxes6.2%6.2%4.6%
 Income per Cap.$39,491$31,969$37,638
 Household Income$68,273$52,583$69,021
 Family Median Income$87,672$72,988$85,028
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 Est. Households By Income
 Richmond, NYAlbany, NYUnited States
 Income Less Than 15K1.6%16.0%9.4%
 Income between 15K and 20K3.3%5.2%3.8%
 Income between 20K and 30K3.7%9.1%8.1%
 Income between 30K and 40K5.5%8.2%8.0%
 Income between 40K and 50K8.7%9.6%7.6%
 Income between 50K and 60K9.3%7.4%7.2%
 Income between 60K and 75K27.0%9.1%9.6%
 Income between 75K and 100K9.5%11.4%12.8%
 Income between 100K and 150K21.8%13.9%16.3%
 Income between 150K and 200K7.6%5.1%7.8%
 Income greater than 200K2.0%5.1%9.5%
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 Population By Occupation
 Richmond, NYAlbany, NYUnited States
 Management, business, finance18.2%15.1%16.4%
 Engineering, computers, science14.1%7.6%6.5%
 Community, social services1.8%3.6%1.8%
 Legal1.8%1.7%1.2%
 Education, library2.7%7.4%6.2%
 Arts, design, media, sports, entertainment2.3%2.4%2.0%
 Healthcare practitioners and technology2.6%7.3%6.2%
 Healthcare support0.6%5.6%3.3%
 Firefighters, law enforcement1.9%2.4%2.1%
 Food preparation, serving4.4%5.7%5.4%
 Building maintenance3.6%3.9%3.6%
 Personal care3.2%3.6%2.6%
 Sales, office, administrative support19.6%23.7%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair13.3%2.8%8.1%
 Production, transportation, material moving9.9%7.2%13.1%
Reviews for Richmond    2 Reviews

Over 8 years ago

PS 54 is the worst school I have ever came across every parent out there do not let the child go to PS 54 in Staten Island take your child  More

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Over 13 years ago

Staten Island is a nice place to raise a family and earn a living. There are good schools and active people in the community. The changing seasons are also beautiful.  More

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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

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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

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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

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