Albany, NY Cost of Living

56 Reviews

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Albany cost of living score
Less expensive
0.7% lower
than the US average
18.3% lower
than the New York average
Albany, New York gets a BestPlaces Cost of Living score of 99.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 0.7% lower than the U.S. average and 18.3% lower than the average for New York.

Albany, NY

Housing costs in Albany?
A typical home costs $253,100, which is 25.1% less expensive than the national average of $338,100 and 38.8% less expensive than the average New York home, at $413,600. Renting a two-bedroom unit in Albany costs $1,320 per month, which is 7.7% cheaper than the national average of $1,430 and 48.5% cheaper than the state average of $1,960.

Can I afford Albany?
To live comfortably in Albany, New York, a minimum annual income of $48,600 for a family, and $43,600 for a single person is recommended.

What does A.I. say about Albany?
Albany serves up an interesting choice for those seeking a more cost-effective living solution positioned somewhere near New York’s Capitol District offering up medians approaching the mid-$190s and rental rates shortly arrive close by upwards of 1 thousand dollars depending upon desired amenities - still notably lower compared to other cities like Troy or Clifton Park which are placed slightly further eastward. Grocery stores additionally remain almost equal with United States levels thanks largely to local taxes & regulations while sales tax totals out unchanged at 8%.
   Cost of living score
     CategoriesAlbanyNew YorkUnited States

   100=National Average

   Average Rent by Bedroom Size
Reviews for Albany
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Over 2 years ago

I live relatively close to Albany, and I gotta say, its a great city. I think it has a lot of good places for food, good living spaces, nice jobs and offices, and I  More

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Over 4 years ago

I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including  More

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Over 4 years ago

Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay  More

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