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Economic Atlas
Places/NY/Albany
County profile

Albany

United States · GDP 2024
#129 of 3,127 US counties by GDP54th-percentile growthmore diversified than 93% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$46.1B
GDP growth
+4.7%
Jobs tracked
180,421
Employers
9,465
Avg. wage
$78.6k
Population
321,225
Labor & formation
Unemployment
3.6%
Median HH income
$85.3k±$2.3k
Business applications
12,859 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA
1Plug Power Inc.Technology$709.9M51D2Latham Group, Inc.Industrials$545.9M50D3AngioDynamics, Inc.Healthcare$292.5M72B4Binah Capital Group, Inc.Financial Services$182.0M50D5Soluna Holdings, Inc.Technology$29.7M34D6Pioneer Bancorp, Inc.Financial Services$15.8M50D7StratoComm CorporationCommunication Services$0——8Starry Sea Acquisition Corp.Financial Services———9Inflection Point Acquisition Corp. VFinancial Services———

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Health care34%
Retail trade18%
Professional services16%
Food & accommodation13%
Finance & insurance11%
Manufacturing9%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
321,225
residents · 2025 · +2.2% since 2020
Income per capita $83.4k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration−575
International migration+9,321
Natural change−1,708

GDP trend

2019–2024 · nominal
$34.4B
2019
$35.0B
2020
$38.7B
2021
$41.1B
2022
$44.0B
2023
$46.1B
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$294.6k±$4.2k
Median gross rent
$1.3k/mo±$26/mo
Vacancy rate
8.8%±0.7%
Affordability
3.8× wages
Residential permits
683 (2.1/1k pop)
FEMA risk score
85.9
HUD Fair Market Rent (2BR):$1.7k/mo · 2026
TOP PERILS · FEMA NRI
Landslide 91Lightning 89Tornado 88
FHFA HOUSE PRICE INDEX · 2016–2025
487
2016
503
2017
516
2018
529
2019
543
2020
592
2021
662
2022
721
2023
778
2024
817
2025

Transport access

BTS · FAA · USACE
Nearest interstate
13.5 km
I-87
Nearest freight rail
5.8 km
CSXT
Nearest port
16.6 km
Albany Port District, NY
Nearest commercial airport
21.7 km
ALBANY INTL
Waterborne tonnage, host port(s) (CY2022):4,852,447 short tons/yr · Albany Port District, NY
Filing activity
SEC EDGAR

33 filings from 8 companies here in the last 90 days.

8-KSoluna Holdings, Inc.06-25
8-KPlug Power Inc.06-15
8-KBinah Capital Group, Inc.06-15
8-KPlug Power Inc.06-11
8-KSoluna Holdings, Inc.06-09
8-KPlug Power Inc.06-04
8-KSoluna Holdings, Inc.05-20
8-KPioneer Bancorp, Inc.05-20
8-KStarry Sea Acquisition Corp.05-18
8-KSoluna Holdings, Inc.05-18
Wage trend
BLS QCEW · 2019–2023
$78.6k
avg. annual pay · +30% since 2019
Similar US counties
nearest by GDP
Jefferson$46.2BSan Joaquin$46.5BProvidence$46.7BAda$45.5BGuilford$46.9BEast Baton Rouge$47.1B
The read

Albany's economy produced $46.1B in 2024, growing 4.7% year over year — about the middle of the pack among US counties. Its largest employment sector is health care.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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