The Tech Valley economy is on the move and in some sectors outpacing the rest of the country. CEOs, entrepreneurs and career-minded individuals are achieving economic success in Tech Valley.

 

A recent study from Entrepreneur magazine, based on the number of recently formed businesses and how quickly those businesses grew, Tech Valley ranked among the best places for starting and expanding a business.

 

And according to Salary.com, Tech Valley is an outstanding place for building personal net worth. Taking into account salaries, cost of living, and unemployment relative to the national average, the Tech Valley cities of Albany, Schenectady and Troy all were ranked near the top of this report.

Recently released U.S. Census data shows the median household income in Tech Valley has risen 5.3 percent in the past year to $52,275. In the Northeast, incomes rose just 3.7 percent while in the U.S the increase was 4.8 percent.

The Tech Valley economy is helping businesses form and grow, keeping employment rates high and allowing workers to earn good salaries. With a relatively low cost of living and housing costs, that means your Tech Valley dollars are going farther.