Jobs in Albany, New York, United States

Albany is city located in Albany County in the US State of New York. It is the county seat and also the state capital. The city has a population of around 98,000.

Life in Albany

The neighborhoods of the city are quite varied in terms of demographics and architecture, a carry over of the fact that Albany has long been a city particularly welcoming to immigrants. These new citizens have shaped their respective neighborhoods in the image of their own cultures giving the city an attractive patchwork feel.

The city maintains over 60 parks and recreation facilities for a very green city of varied open spaces.

There are several cultural hot spots in town, including the Palace Theatre and The Egg, which lay on a range of performing arts and musical events throughout the year.

There are a vast number of festivals in town thought the year. These range for the Tulip Festival, celebrating the city’s Dutch heritage, trough to Alive at 5 festival, which is series of free, summer concerts.

Key Facts:

  • Median Age: 31.2
  • Median Household Income: $40,949
  • Median Property Value: $171,400
  • Cost of Living: 13% lower than state average, 5% higher than national average
  • Unemployment Rate: 5.6%
  • Crime Rate: 54% higher than national average

A  Growing High Tech Job Market

A number of companies, many of them members of the Fortune 500 group, have established headquarters in Albany. These include American Express, J.P. Morgan, Merrill Lynch, General Electric, Verizon, Goldman Sachs and Key Bank.

The city is also a center for high technology manufacturing and research, particularly in NanoTechnology. Higher education is also a big employer here, whilst healthcare and state and local government provide the bulk of the rest of the jobs here.

In the 21st century, much effort has been made to transform the Albany job market to a more high tech orientated one. This has included supporting Tech Valley, established in the eastern part of the state (including Albany) as a rival to Silicon Valley on the West Coast.

Healthcare remains the largest employer however, supplying 18% of jobs, with education next on 13%. Accommodation and food – 11% and Retail – 12% are strong for a thriving city and supported by the many annual festivals, they are also   partly maintained by the temporary student population.

Public Admin and related local/state government roles are 12%, so a significant chunk of the workforce. High Tech roles in the Professional, Scientific and Tech services sector represent around 8% of the jobs in the local workforce.