The annual salary statistics of mechanical engineers in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of mechanical engineers 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 | $61,980 |
| 25th Percentile Wage | $81,630 |
| 50th Percentile Wage | $104,620 |
| 75th Percentile Wage | $131,290 |
| 90th Percentile Wage | $142,760 |
Table 1 shows the average annual salary for mechanical engineers 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 $142,760. The median (50th percentile) annual salary is $104,620. The average annual salary for the bottom 10 percent earners is $61,980.
The table and chart below show the trend of the median salary of mechanical engineers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $104,620 | 4.77% | 20.11% |
| 2021 | $99,630 | -1.75% | - |
| 2020 | $101,370 | 4.34% | - |
| 2019 | $96,970 | 2.90% | - |
| 2018 | $94,160 | 2.22% | - |
| 2017 | $92,070 | 1.37% | - |
| 2016 | $90,810 | -0.85% | - |
| 2015 | $91,580 | -0.93% | - |
| 2014 | $92,430 | 4.25% | - |
| 2013 | $88,500 | 5.56% | - |
| 2012 | $83,580 | - | - |
From Table 3 we note that with a median annual salary of $104,620, Albany-Schenectady-Troy is the highest paying city for mechanical engineers in state of New York, followed by New York-Northern New Jersey-Long Island (median annual salary $100,850). In comparison, the median annual salary of mechanical engineers in Albany-Schenectady-Troy is 3.6 percent (3.6%) higher than that in New York-Northern New Jersey-Long Island.