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Financial Managers salary in Albany, NY

Median pay for financial managers in Albany, NY: $144,590/yr

Typical range (10th–90th percentile): $89,980 – $239,200 · about 2,300 employed locally

Above the typical metro median ($131,810) by +$12,780 (+10%).

What it's really worth in Albany

With Albany's cost of living at 98 (US=100), that $144,590 has the buying power of about $147,275 in an average-cost US metro.

Local context: median household income $83,360 · median home $370,533 · median rent $1,681/mo.

Full Albany cost of living & taxes →

How Albany ranks for this job

On raw pay, Albany, NY is 42nd of the 187 metros we hold financial managers wages for. Once Albany's cost of living is applied, it ranks 43rd.

Pay and living costs are roughly in step here, so Albany sits in much the same place whether you look at raw salary or spending power.

What that salary buys in Albany

A median home in Albany, NY costs $370,533 — about 2.6× this salary, against a typical US metro figure of 4.7×. Buying is more attainable here than in the average metro on this income.

Median rent of $1,681/mo works out at 14% of gross pay — inside the conventional 30% affordability ceiling.

Where financial managers earn more

Pay on its own is only half the picture, so each row shows what rent costs there relative to Albany.

MetroMedian payvs AlbanyRent vs Albany
New York, NY $215,630 +49% 2.1×
San Jose, CA $211,850 +47% 2.2×
San Francisco, CA $203,620 +41% 1.9×
Boulder, CO $176,880 +22% 1.3×

Same job elsewhere in NY

MetroMedian payvs AlbanyRent vs Albany
New York, NY $215,630 +49% 2.1×
Buffalo, NY $154,700 +7% 0.9×
Syracuse, NY $150,660 +4%
Rochester, NY $149,850 +4%

Staying in NY keeps state income tax and licensing the same, which makes these the most directly comparable moves.

Other jobs in Albany

Source: US BLS OEWS (May 2023) median annual wage; cost of living from BEA; home price and rent from Zillow; household income from US Census ACS. Rankings are across the 187 metros we hold wage data for in this occupation. Estimates for guidance only. See methodology.