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 around 125,000. Its population and employment had been growing steadily before the Great Recession, but growth has stalled since then. Though manufacturing remains an important source of jobs in the region, employment in this sector has been cut in half since 1990. The health care sector has helped compensate for these losses by adding a significant number of jobs. In addition, 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 125,000 883,000 307,000 19,542,000 327,167,000
Pop growth, 10-year change1 -2.8% 1.9% -3.1% 1.7% 7.6%
GDP, billions2 $5 $54 $11 $1,598 $19,485
Job growth, 5-year change1 1.6% 5.8% 3.2% 8.0% 9.3%
Median household income2 $56,000 $68,000 $52,000 $64,000 $60,000
Median home price2 $169,000 $200,000 $110,000 $300,000 $200,000
Pop share age 25+ with BA+2 25.5% 37.2% 21.9% 36.0% 32.0%

1 2018

2 2017

* 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 American FactFinder, Moody's, or directly from source.

Reports & Analysis
Glens Falls Economic Indicators (detailed data and timely updates)
NEW: Early Benchmarked Employment Data
Glens Falls Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New York Household Debt & Credit Snapshot (Q4 2018)
Labor Markets in the Region Are Exceptionally Tight (Dec 4, 2018)
New York State's Community Colleges are Successfully Partnering with Employers (Nov 14, 2018)
Upstate New York's Expansion Is Losing Steam (Oct 13, 2017)
Just Released: Economic Press Briefing Focuses on Regional Wage Inequality (Aug 10, 2017)
A Tale of Two States: The Recession's Impact on N.Y. and N.J. School Finances (Feb 2017)