Housing costs in Albany?
A typical home costs
$227,300, which is 32.8% less expensive than the national average of
$338,100 and 45.0% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,180 per month, which is 39.8% cheaper than the national average of
$1,960 and 11.0% cheaper than the state average of
$1,310.
Can I afford Albany?
To live comfortably in Albany (zip 12210), New York, a minimum annual income of
$43,560 for a family, and
$38,800 for a single person is recommended.
What does A.I. say about Albany?
12210 Albany, NY is an affordable place to live. The cost of living is below the national average and housing costs are particularly low. Average home prices in 12210 Albany are around $170,000 compared to the national median of over $228,000. Renting also remains relatively inexpensive in the area with the average monthly rent for a one-bedroom apartment being just over $900. Utilities also remain relatively inexpensive with electricity costing around $135 per month and natural gas at an average of about $85 per month. Overall, 12210 Albany is an affordable place to live and should be considered by those looking for a place that fits within their budget.