Workers in technological and medical fields have been flocking to Albany in recent years, and these new arrivals have had such a positive impact on the county’s income growth that it’s received national attention.
According to Albany Business Review, Albany County was recently “ranked eighth in the country for income growth.” To come up with the rankings, Headlight Data in Austin, TX analyzed figures from the Internal Revenue Service. Specifically, they found that $602 million in new gross income was brought into Albany County from outside workers in 2012-13.
Albany Business Review wrote, “Albany is the only county in the top 25 where gross income increased despite a decrease in the number of households that filed a return.” Although the specific industries that attracted these individuals are uncertain, the Business Review identified health care, social services, manufacturing, education, professional services, construction, information technology, and finance as likely options.
The highest ranked county was Travis County, TX, where Austin is located.
- Albany Business Review: Albany ranks 8th in the nation for attracting $602 million in new income