The Capital Region over the year regained 6,600 workers for its labor force in 2023, but it remained below its pre-pandemic strength. At the same time, two Capital Region counties fully recovered and expanded their labor forces from previous peak levels in 2019, according to a Center for Economic Growth
Between 2020 and 2021, the adjusted gross income (AGI) income of Capital Region taxpayers increased by $6.6 billion – with nearly a third of that gain being concentrated in the Saratoga Springs 12866 ZIP code. While higher wages and salaries and capital gains drove up the region’s AGI, the number
1st largest annual population gain among NYS metros: Albany-Schenectady-Troy MSA 3rd largest annual population gain among NYS counties: Albany County 3rd largest annual increase in domestic migration among NYS counties: Warren County 5th largest annual population gain among NYS counties: Saratoga County The Albany-Schenectady-Troy metropolitan statistical area (MSA) in
Columbia and Greene Counties had New York’s first and third fastest-growing median household incomes in 2022, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Census Bureau’s Small Area Income and Poverty Estimates (SAIPE) program. Columbia-Greene In 2022, Columbia County’s median household income was
The Capital Region last year had the state’s second fastest growth gross regional product (GRP). Boosting the region’s growth in productivity was Greene County, which also saw its GRP increase at the fastest rate among New York’s 62 counties, according to a Center for Economic Growth (CEG) analysis of data
In 2023, the Capital Region prominently appeared in more than three dozen national rankings. The below rankings reflect the quality of life and economic opportunity that the eight-county region offers and that make it a best place to live. See the below list for the Capital Region’s 2023 rankings: 28
Among the principal counties of the nation’s top 50 metropolitan statistical areas (MSAs) for science, technology, engineering and mathematics (STEM) professionals, Albany County has the fifth lowest overall risk from expected annual loss due to natural hazards. Albany is also the second most capable STEM Hub to prepare and respond
The Albany-Schenectady-Troy metropolitan statistical area (MSA) has one of New York’s lowest percentages of households severely cost-burdened by rents and home ownership, but their ranks are increasing faster than most other metros in the state, according to a Center for Economic Growth (CEG) analysis of U.S. Census Bureau American Community
Commuter flows from Washington County to Saratoga County have surged over the past five years, according to a Center for Economic Growth (CEG) analysis of new U.S. Census Bureau American Community Survey estimates. Between 2016 and 2020, an average 4,687 Washington County residents commuted to Saratoga County for work –
The first year of the pandemic took its toll on the ranks of freelancer, independent contractors and other nonemployer establishments in regions across New York, but the Capital Region was the only one where their total sales, value of shipments, or revenues increased. While Capital Region nonemployer establishment losses were
