The annual salary statistics of economists in Albany-Schenectady-Troy, New York is shown in Table 1. The wage statistics of economists in Albany-Schenectady-Troy is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $63,190 |
| 25th Percentile Wage | $63,190 |
| 50th Percentile Wage | $80,520 |
| 75th Percentile Wage | $101,090 |
| 90th Percentile Wage | $101,090 |
Table 1 shows the average annual salary for economists in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $101,090. The median (50th percentile) annual salary is $80,520. The average annual salary for the bottom 10 percent earners is $63,190.
The table and chart below show the trend of the median salary of economists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $80,520 | -2.11% | -3.09% |
| 2021 | $82,220 | -0.68% | - |
| 2020 | $82,780 | 5.28% | - |
| 2016 | $78,410 | -3.18% | - |
| 2015 | $80,900 | -1.99% | - |
| 2014 | $82,510 | -0.15% | - |
| 2013 | $82,630 | -0.46% | - |
| 2012 | $83,010 | - | - |
From Table 3 we note that with a median annual salary of $80,520, Albany-Schenectady-Troy is the lowest paying city for economists in state of New York, following city of New York-Northern New Jersey-Long Island (median annual salary of $134,140). In comparison, the median annual salary of economists in Albany-Schenectady-Troy is 40.0 percent (40.0%) lower than that in the highest paying city New York-Northern New Jersey-Long Island.
| Cities/Areas | Median Annual Salary |
|---|---|
| New York-Northern New Jersey-Long Island | |
| New York-White Plains-Wayne | |
| Rochester | |
| Buffalo-Niagara Falls | |
| Syracuse | |
| Albany-Schenectady-Troy |