Utica Metro Area

Located between Syracuse and Albany in the Mohawk Valley, the Utica-Rome metropolitan area has a population of around 300,000. The area’s economy has struggled in recent decades, with population declining 10 percent since 1970 and employment levels growing little since the 1990s. Historically, manufacturing accounted for a relatively large share of the local economy, with a particularly high concentration of both primary and fabricated metals production. Manufacturing employment has declined by more than half over the past few decades, though jobs in the health and education sector have offset some of these losses. Leisure and hospitality is also an important industry, with a local casino serving as a major employer in the area.

Economic and Demographic Trends
Utica Albany* Syracuse* New York State USA
Population1 291,000 883,000 651,000 19,542,000 327,167,000
Pop growth, 10-year change1 -2.5% 1.9% -1.3% 1.7% 7.6%
GDP, billions2 $11 $54 $34 $1,598 $19,485
Job growth, 5-year change1 1.3% 5.8% 2.4% 8.0% 9.3%
Median household income2 $50,000 $68,000 $56,000 $64,000 $60,000
Median home price2 $120,000 $200,000 $130,000 $300,000 $200,000
Pop share age 25+ with BA+2 22.5% 37.2% 31.8% 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 Economy.com, or directly from source.

Reports & Analysis
Utica Economic Indicators (detailed data and timely updates)
Early Benchmarked Employment Data (Sep 3, 2020)
Jason Abel’s Briefing on the New York State Economy During the Pandemic (September 30, 2020)
Tracking the Spread of COVID-19 in the Region (August 27, 2020)
Jason Bram's Briefing on Regional Economic Conditions During the Pandemic (July 14, 2020)
Finally, Some Signs of Improvement in the Regional Economy (Jun 16, 2020)
New York Fed Surveys: Business Activity in the Region Sees Historic Plunge in April (Apr 16, 2020)
Businesses in the Tri-State Region Struggling to Weather the Coronavirus Outbreak (Mar 30, 2020)
Utica Household Debt & Credit Snapshot (data in Excel) (Q4 2018)
New York Household Debt & Credit Snapshot (Q4 2018)
Jaison Abel’s January 2020 Briefing on the Regional Economy with a Focus on Central New York
Press Briefing on Economic Conditions in the Region (Dec 17, 2019 Webcast)
Growth Has Slowed across the Region (Dec 17, 2019)
New York State's Community Colleges are Successfully Partnering with Employers (Nov 14, 2018)