Housing costs in Albany?
A typical home costs
$294,700, which is 12.8% less expensive than the national average of
$338,100 and 28.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 49.6% cheaper than the state average of
$1,960.
Can I afford Albany?
To live comfortably in Albany New Y County, New York, a minimum annual income of
$56,520 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in Albany, NY County is slightly below the national average at 99.3 compared to 100. This can be attributed to the lower median house value of $294,700 which is significantly lower than the US average of $338,100. While housing in Albany is less expensive, other costs such as taxes and utilities may still be higher than those in other areas with lower median house values. Ultimately, the cost of living in Albany is still more affordable than most other locations due to its low median house value.