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Industrial Engineer Salary in Albany, NY

How much does a industrial engineer make in Albany? Explore median, entry-level, and senior salaries adjusted for Albany's cost of living.

Median Salary
$107,490
per year in Albany
Entry Level
$64,942
Starting salary
Senior Level
$147,799
Experienced professionals
Cost of Living
110
10% above national avg

Salary Breakdown by Experience Level

See how industrial engineer salaries break down across different pay periods in Albany.

PeriodEntry LevelMedianSenior
Annual$64,942$107,490$147,799
Monthly$5,412$8,958$12,317
Biweekly$2,498$4,134$5,685
Weekly$1,249$2,067$2,842
Hourly$31$52$71

Albany vs National Average

How Albany's industrial engineer salaries compare to national figures.

Albany Salary
$107,490
COL Index: 110
National Average
$126,800
COL Index: 100
Difference
-$19,310
Lower in Albany

Cost of Living in Albany

1-Bedroom Rent
$1,550
per month
Median Income
$55,234
per year
Population
98,424
residents
Rent % of Income
33.7%
median household
Cost of Living Index: 110 — A score of 100 represents the U.S. average. Salaries in Albany have been adjusted to account for local cost differences.

About Industrial Engineer

Overview

Optimize production processes and systems for efficiency.

Education

Bachelor's degree in Industrial Engineering; PE license recommended

Key Skills

Process OptimizationLean ManufacturingData AnalysisSystems Design

Growth Rate

Expected job growth: +18% over the next decade

Compare Cities: Industrial Engineer Salary

See Industrial Engineer salaries in other top cities.

New York, NY
$107,000
0%
Los Angeles, CA
$108,300
+1%
Chicago, IL
$100,940
-6%
Houston, TX
$116,170
+8%
Phoenix, AZ
$110,100
+2%

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Industrial Engineer Salary in Albany, NY — Complete Guide

Median Salary Overview

The median salary for a industrial engineer in Albany, NY is $107,490 per year, adjusted for the local cost of living index of 110. This figure reflects typical earnings for experienced professionals in this role, considering Albany's unique economic conditions.

Salary Range and Experience Levels

Entry-level industrial engineer professionals in Albany can expect to earn around $64,942 annually. As professionals gain experience, salaries typically increase, with senior-level industrial engineers earning approximately $147,799 per year. This represents a 128% increase from entry to senior level.

Cost of Living Adjustment

Albany's cost of living index of 110 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Albany are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $126,800, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a industrial engineer's salary in Albany typically goes toward housing. With a 1-bedroom apartment averaging $1,550 per month, housing represents about 17.3% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Industrial Engineers are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Albany, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.