Housing costs in Albany?
A typical home costs
$266,000, which is 21.3% less expensive than the national average of
$338,100 and 35.7% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,330 per month, which is 32.1% cheaper than the national average of
$1,960 and close to the state average of
$1,310.
Can I afford Albany?
To live comfortably in Albany (zip 12208), New York, a minimum annual income of
$51,120 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Albany?
Living in 12208 Albany, NY is relatively affordable compared to other major cities. The cost of living index is 93.6, which is 7.4% lower than the U.S average of 100. This means that basic necessities such as housing, groceries, transportation, and health care are all more affordable than the average city in the United States. Additionally, utilities are cheaper thanks to New York's lower-than-average electricity rates and generous tax breaks for renewable energy sources like solar and wind power. Overall, living in 12208 Albany, NY can be very cost effective for those looking for an urban lifestyle without breaking the bank.