Business & Finance Albany, NY Pop. 99,224

Economist Salary in Albany, New York

The median economist salary in Albany, NY is $125,334 per year, which is 10.0% above the national median and 17.9% below the New York state average.

City Median
$125,334
vs State Avg
$-27,346
vs National
+$11,394
Cost of Living
98%

Economist Pay in Albany: What to Expect (2026)

Albany offers a median economist salary of $125,334, which is $27,346 below the New York state average of $152,680. Compared to the national median of $113,940, Albany pays above average for this role.

Albany's cost of living is 98% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for economists in Albany spans from $68,200 at the 10th percentile to $217,800 at the 90th percentile — a $149,600 spread. Entry-level professionals start around $71,500, while senior economists with 8+ years of experience can earn up to $203,500. Albany is a smaller market (pop. 99,224), which may mean fewer openings but also less competition for available positions.

Economist Salary in Albany by Experience

In Albany, an entry-level economist earns around $71,500, while experienced professionals earn up to $203,500 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$71,500
+$6,500 vs national
Mid Level (3-7 yrs)
$126,500
+$11,500 vs national
Senior Level (8+ yrs)
$203,500
+$18,500 vs national

Salary Percentiles in Albany, NY

Percentile Albany
10th Percentile $68,200
25th Percentile $90,200
Median (50th) $125,334
75th Percentile $170,500
90th Percentile $217,800

Economist Salary in Other New York Cities

How to Become a Economist in Albany

Education

Most economist positions require a master's degree. Albany and the surrounding New York area have institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). Demand in Albany may vary based on local industry and population growth.

Find Economist Jobs in Albany

Browse open economist positions in Albany, NY:

Frequently Asked Questions: Economist Salary in Albany

How much does a Economist make in Albany, NY? ▼
The median economist salary in Albany, New York is $125,334 per year, which is 10.0% above the national median of $113,940. Salaries range from $68,200 (10th percentile) to $217,800 (90th percentile).
How much does a Economist make per hour in Albany? ▼
Based on the median annual salary of $125,334, a economist in Albany earns approximately $60 per hour assuming a standard 2,080-hour work year.
How does Albany compare to the New York state average for economist pay? ▼
Albany's median economist salary of $125,334 is 17.9% below the New York state average of $152,680. The local cost of living index is 98% of the national average.
What is the cost of living in Albany, NY? ▼
Albany has a cost of living index of 98% compared to the national average. This means a economist salary of $125,334 in Albany has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a economist in Albany? ▼
Most economist positions in Albany require a master's degree. Key skills include Econometrics, Statistical Analysis, R/Python, Economic Modeling. The job market is projected to grow 6% nationally over the next decade.