NAICS 72

Accommodation and Food Services in Albany-Schenectady-Troy, NY

Metro Market Score 48.4 (Challenging), ranked #105 of 298 metros. 2,214 establishments, 32,930 jobs.

Metro Market Score 48.4

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national accommodation and food services average.

💰High-Cost Market⚡Rising Wages🌱Emerging Market

Albany-Schenectady-Troy ranks in the upper half for accommodation and food services market conditions, driven by above-average employment growth. With a market score of 48.4, conditions are relatively favorable compared to most metros.

Industry Concentration

9.4

LQ: 0.81

Rank #28 of 298 metros

Wage Competitiveness

85.6

$31,272 avg wage

Growth Trend

↑ 66.4

Employment growth index

Rank #101 of 298 metros

Wage Pressure

73.0

YoY wage change index

2,214 Accommodation and Food Services Firms in Albany-Schenectady-Troy

2,214

Establishments

-0.6% YoY

32,930

Total Employment

+1.3% YoY

$31,272

Average Annual Wage

+4.0% YoY

0.81

Location Quotient

Below national avg

Within New York

#2 of 13

accommodation and food services metros in state

New York state rank

#48 of 51

for accommodation and food services entry risk

vs State Median

-8.2

better than median (56.6)

Albany-Schenectady-Troy vs New York Statewide

How this metro's accommodation and food services market compares to New York overall. The state ranks #48/51 for entry risk.

Measure	Albany-Schenectady-Troy	NY Statewide
Overall Score	48.4 Challenging	58.6 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#105 of 298 metros	#48 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Albany-Schenectady-Troy

Healthcare and Social Assistance 43.6 Real Estate and Rental and Leasing 47.2 Retail Trade 55.5 Construction 55.5 Other Services 61.4 Professional, Scientific, and Technical Services 65.1 Information 70.7 Finance and Insurance 77.9

Accommodation and Food Services in Other New York Metros

Binghamton 47.1 #97/298 Utica-Rome 51.3 #124/298 Rochester 51.5 #128/298 Ithaca 54.9 #156/298 Kiryas Joel-Poughkeepsie-Newburgh 55.1 #158/298 Buffalo-Cheektowaga 56.6 #162/298 Syracuse 57.6 #170/298 Elmira 59.7 #182/298 New York-Newark-Jersey City 66.4 #237/298 Kingston 66.7 #238/298

+ 2 more metros. View all in New York →

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Albany-Schenectady-Troy's 48.4 score. Useful when comparing markets with comparable entry profiles.

Ocala, FL 48.4 #104/298 Staunton-Stuarts Draft, VA 48.2 #103/298 Beaumont-Port Arthur, TX 48.6 #106/298 Cleveland, OH 48.6 #107/298 Eagle Pass, TX 48.2 #102/298 Brownsville-Harlingen, TX 48.8 #108/298 Dayton-Kettering-Beavercreek, OH 49.0 #109/298 Detroit-Warren-Dearborn, MI 47.8 #101/298 Erie, PA 49.0 #110/298 Philadelphia-Camden-Wilmington, PA 47.8 #100/298

Accommodation and Food Services in States Bordering New York

State-level entry risk for accommodation and food services in adjacent states. Use this to weigh cross-border options.

Massachusetts 28.4 #7/51 Pennsylvania 36.8 #24/51 Connecticut 37.3 #27/51 New Jersey 43.3 #34/51 Vermont 51.0 #43/51

Browse Accommodation and Food Services in Other States

State-level entry risk reports for accommodation and food services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Albany-Schenectady-Troy's accommodation and food services sector, the wage competitiveness component (85.6) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Albany-Schenectady-Troy, NY MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment