Finance and Insurance in Albany-Schenectady-Troy, NY
Metro Market Score 77.9 (Difficult), ranked #325 of 331 metros. 1,216 establishments, 17,233 jobs.
Metro Market Assessment
Lower is better. Relative to national finance and insurance average.
Finance and Insurance employment in Albany-Schenectady-Troy contracted year-over-year, placing the growth trend in the bottom 10% at 19.3. Declining job counts can indicate consolidation, population shifts, or reduced local demand. Due diligence on the local economy is especially important here.
1,216 Finance and Insurance Firms in Albany-Schenectady-Troy
Albany-Schenectady-Troy vs New York Statewide
How this metro's finance and insurance market compares to New York overall. The state ranks #49/51 for entry risk.
| Measure | Albany-Schenectady-Troy | NY Statewide |
|---|---|---|
| Overall Score | 77.9 Difficult | 65.4 High |
| Score Type | Metro Market Score | Entry Risk Score |
| Rank | #325 of 331 metros | #49 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
Finance and Insurance in Other New York Metros
+ 1 more metros. View all in New York →
Finance and Insurance Metros With Similar Conditions
Metros within 5 points of Albany-Schenectady-Troy's 77.9 score. Useful when comparing markets with comparable entry profiles.
Finance and Insurance in States Bordering New York
State-level entry risk for finance and insurance in adjacent states. Use this to weigh cross-border options.
Browse Finance and Insurance in Other States
State-level entry risk reports for finance and insurance across all 51 markets, sorted by rank.
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.