NAICS 62

Healthcare and Social Assistance in Albany-Schenectady-Troy, NY

Metro Market Score 43.6 (Moderate), ranked #90 of 248 metros. 2,229 establishments, 64,584 jobs.

Metro Market Score 43.6

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national healthcare and social assistance average.

Healthcare and Social Assistance conditions in Albany-Schenectady-Troy are mixed. The 43.6 market score puts it at #90 of 248, with no metric pulling sharply in either direction. Wages, growth, and competition are all within a normal range for this industry.

Industry Concentration

37.5

LQ: 1.00

Rank #93 of 248 metros

Wage Competitiveness

51.6

$63,276 avg wage

Growth Trend

52.0

Employment growth index

Rank #120 of 248 metros

Wage Pressure

34.8

YoY wage change index

2,229 Healthcare and Social Assistance Firms in Albany-Schenectady-Troy

2,229

Establishments

+1.2% YoY

64,584

Total Employment

+3.6% YoY

$63,276

Average Annual Wage

+1.8% YoY

1.00

Location Quotient

Above national avg

Within New York

#3 of 11

healthcare and social assistance metros in state

New York state rank

#39 of 51

for healthcare and social assistance entry risk

vs State Median

-7.0

better than median (50.7)

Albany-Schenectady-Troy vs New York Statewide

How this metro's healthcare and social assistance market compares to New York overall. The state ranks #39/51 for entry risk.

Measure	Albany-Schenectady-Troy	NY Statewide
Overall Score	43.6 Moderate	48.2 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#90 of 248 metros	#39 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

Real Estate and Rental and Leasing 47.2 Accommodation and Food Services 48.4 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

Healthcare and Social Assistance in Other New York Metros

Glens Falls 36.9 #56/248 Buffalo-Cheektowaga 40.2 #70/248 Elmira 45.6 #102/248 Watertown-Fort Drum 50.3 #136/248 Kingston 50.7 #140/248 Utica-Rome 51.2 #143/248 Rochester 56.0 #181/248 New York-Newark-Jersey City 57.5 #194/248 Binghamton 58.7 #201/248 Kiryas Joel-Poughkeepsie-Newburgh 67.9 #230/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Albany-Schenectady-Troy's 43.6 score. Useful when comparing markets with comparable entry profiles.

Phoenix-Mesa-Chandler, AZ 43.6 #91/248 Oklahoma City, OK 43.6 #89/248 Florence-Muscle Shoals, AL 43.7 #92/248 Colorado Springs, CO 43.5 #88/248 Lebanon, PA 43.5 #87/248 Grand Junction, CO 44.1 #93/248 Bloomington, IL 44.2 #94/248 Enid, OK 43.0 #86/248 Kenosha, WI 44.4 #95/248 Tucson, AZ 42.8 #85/248

Healthcare and Social Assistance in States Bordering New York

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Pennsylvania 29.5 #6/51 Connecticut 30.9 #8/51 Vermont 36.7 #20/51 New Jersey 45.1 #34/51 Massachusetts 48.4 #40/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance 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 healthcare and social assistance sector, the employment growth component (48.0) 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