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Who are the wealthiest residents of Albany, New York and where is their wealth from?
INTRODUCTION
Hello! Thanks for your question about the wealthiest residents of Albany, New York. The short version is that after searching extensively through public records, such as the US Census, the State of Albany's government website, IRS, Albany Region Statistical reports, and the Helen Brown Wealth list, no information about the wealth and assets of individuals living in Albany could be found. I’ve determined that the information you requested is not publicly available, because all details were related to demographics and wealth, not individuals. Details about personal wealth are nearly impossible to come by, unless an individual has publicly offered information about their net worth.
However, I was able to learn that 4.9% of Albany families earn over $150,000 per year. Below you will find a deep dive of my research and methodology.
METHODOLOGY
I searched through public records to find as much information as possible. This US Census search page allows one to search for median household income, per capita income, and persons in poverty in a given zip code, but it does not provide details about personal wealth.
The State of Albany's government website, IRS, Albany Region Statistical reports, and the Helen Brown Wealth list all failed to include details of individual wealth for anyone in Albany. Because bank account balances and individuals' tax returns are not available online for public view I do not think this information is in the public domain.
HELPFUL FINDINGS
While I could not find a direct answer to your question, I was able to gather some information about this topic, which I think will be helpful for your project.
Forbes Magazine offers a list of the (estimated) 400 wealthiest Americans, 69 of whom live in New York, but none reside in Albany. The Helen Brown wealth list also did not include anyone from Albany.
The capital region state report shows the medium income in the city of Albany $40,287. and that 4.9% of Albany families earn over $150,000 per year, but individual wealth is not reported.
The richest ZIP code was 12211 - in Loudonville, Albany. This code has a population of 12,863, a median household income of $90,084, an average net worth of $1,846,578, and an average home value of $282,060. But, again, no detail of individual worth could be found.
The 4th (12054, Delmar) , 5th (12159, Slingerlands), 6th (12077, Glenmont) and 7th wealthiest (12186, Voorheesville) ZIP codes are also in Albany - with residents having an average net worth of around $1.2 million.
It is also difficult to find where the richest people obtain their wealth. The highest earnings listed in the Albany Economic survey were lawyers ($51.57 an hour), followed by civil engineers ($43.36 an hour).
POSSIBLE CONTINUED RESEARCH
In understanding what types of information are and are not publicly available on this topic, I’ve suggested a few other routes you may be interested in researching:
-A List of Lawyers in the Albany area.
-A List of Civil Engineers in the Albany Area.
-A list of the largest land owners in Albany.
CONCLUSION
To wrap it up, after searching extensively through public records, a direct answer to your question is not publicly available because details of individual wealth are not normally in the public domain. However I learned that the wealthiest ZIP code is in Loudonville and the top 4.9% of families in Albany earn over $150,000 per year.
If you’d like to continue research on any of the other topics I’ve outlined above, just let us know!
Thanks for using Wonder!