The Capital Region Is Making More Money Than Ever
According to new salary numbers from a new US Census survey, average incomes are higher than ever in the Albany area.
We have been hearing the economy is humming, and this backs that up. According to a Times Union report, a new US Census Bureau says the median household incomes in Albany, Schenectady and Saratoga Counties have all risen to record levels. The average Albany County income rose 6% 2016 to 2017 to $66,204, Saratoga County average income shot up 8.2% to $83,726 and Schenectady County rose 4.8 percent to $62,514. Rensselaer County is the only area county that saw a decrease.
These increases reflect a national trend according to the Times Union report. Incomes nationally rose by 2.5% in the same time period 2016 to 2017. The census report also report poverty rates in the Capital Region are lower than the national average in all the counties above.