NAICS 23

Construction in Albany-Schenectady-Troy, NY

Metro Market Score 55.5 (Challenging), ranked #250 of 342 metros. 2,242 establishments, 19,397 jobs.

Metro Market Score 55.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national construction average.

💰High-Cost Market

Albany-Schenectady-Troy scores 55.5 on the Metro Market Score for construction, placing it in the lower half. High wage costs, strong existing competition, or slowing growth contribute to tougher entry conditions compared to most metros.

Industry Concentration

24.9

LQ: 0.82

Rank #85 of 342 metros

Wage Competitiveness

96.5

$91,520 avg wage

Growth Trend

↓ 41.2

Employment growth index

Rank #202 of 342 metros

Wage Pressure

37.6

YoY wage change index

2,242 Construction Firms in Albany-Schenectady-Troy

2,242

Establishments

-2.0% YoY

19,397

Total Employment

+0.7% YoY

$91,520

Average Annual Wage

+6.0% YoY

0.82

Location Quotient

Below national avg

Within New York

#10 of 12

construction metros in state

New York state rank

#37 of 51

for construction entry risk

vs State Median

+4.0

worse than median (51.5)

Albany-Schenectady-Troy vs New York Statewide

How this metro's construction market compares to New York overall. The state ranks #37/51 for entry risk.

Measure	Albany-Schenectady-Troy	NY Statewide
Overall Score	55.5 Challenging	51.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#250 of 342 metros	#37 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 Accommodation and Food Services 48.4 Retail Trade 55.5 Other Services 61.4 Professional, Scientific, and Technical Services 65.1 Information 70.7 Finance and Insurance 77.9

Construction in Other New York Metros

Elmira 31.2 #46/342 Ithaca 31.6 #48/342 Watertown-Fort Drum 42.6 #124/342 Utica-Rome 43.9 #136/342 Binghamton 50.0 #191/342 Buffalo-Cheektowaga 51.1 #207/342 Kingston 51.5 #211/342 Kiryas Joel-Poughkeepsie-Newburgh 53.2 #228/342 Glens Falls 54.5 #238/342 Syracuse 58.5 #275/342

+ 1 more metros. View all in New York →

Construction Metros With Similar Conditions

Metros within 5 points of Albany-Schenectady-Troy's 55.5 score. Useful when comparing markets with comparable entry profiles.

Phoenix-Mesa-Chandler, AZ 55.5 #251/342 Anchorage, AK 55.7 #252/342 Lincoln, NE 55.7 #253/342 Provo-Orem-Lehi, UT 55.1 #249/342 Trenton-Princeton, NJ 55.1 #248/342 Midland, MI 55.1 #246/342 Saginaw, MI 55.1 #247/342 St. Joseph, MO 56.0 #254/342 Charlotte-Concord-Gastonia, NC 56.0 #255/342 Austin-Round Rock-San Marcos, TX 54.9 #245/342

Construction in States Bordering New York

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

Pennsylvania 28.4 #3/51 Vermont 40.0 #21/51 Massachusetts 41.5 #23/51 Connecticut 43.2 #27/51 New Jersey 48.3 #33/51

Browse Construction in Other States

State-level entry risk reports for construction 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 construction sector, the wage competitiveness component (96.5) 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