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Glens Falls Metro Area

Located just north of Albany in the Capital Region, the Glens Falls metropolitan area is one of New York’s smallest metropolitan areas, with a population of more than 125,000. Manufacturing is an important source of jobs in the region, particularly a thriving medical devices segment, though manufacturing employment as a whole has been cut substantially since 1990. Growth in the health care sector has helped mitigate some of these losses The area has a thriving leisure and hospitality sector, partly owing to Glens Falls’ access to recreational attractions such as the Adirondack Mountains, Lake George, and nearby ski resorts.

Economic and Demographic Trends
Glens Falls Albany* North Country* New York State USA
Population1 127,000 899,000 305,000 20,201,000 331,449,000
Pop growth, 10-year change1 -1.5% 3.3% -3.8% 4.2% 7.4%
GDP, billions1 $7 $66 $14 $1,725 $20,894
Job growth, 5-year change2 -7.8% -4.4% -4.4% -4.1% 1.2%
Median household income1 $63,200 $72,000 $56,000 $72,600 $67,000
Median home price1 $175,000 $210,000 $121,000 $350,000 $250,000
Pop share age 25+ with BA+1 30.1% 41.0% 24.6% 39.4% 35.1%

1 2020

2 2021

* Neighboring Metros

Sources: U.S. Census Bureau; U.S. Bureau of Labor Statistics; U.S. Bureau of Economic Analysis; IPUMS USA-University of Minnesota. Data retrieved through data.census.gov, Moody's Economy.com, or directly from source.

Reports & Analysis
Regional Employment Trends (March 10, 2023)
Richard Deitz's Briefing on Regional Economic Conditions (March 7, 2023, New York State)
Press Briefing: Employment and Housing Conditions in the Second District (Nov 10, 2022)
Jaison Abel's Briefing on Economic Conditions in the Region (Nov 5, 2021)
A Look at the New York-Northern New Jersey Region’s Pandemic Housing Boom (Nov 10, 2022)
Severe Supply Disruptions Are Impeding Business Activity in the Region (Oct 21, 2021)
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