Housing costs in Albany?
A typical home costs
$386,200, which is 14.2% more expensive than the national average of
$338,100 and 6.6% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 5.4% cheaper than the state average of
$1,960.
Can I afford Albany?
To live comfortably in Albany (zip 12211), New York, a minimum annual income of
$74,160 for a family, and
$61,200 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 12211 Albany, NY is relatively high compared to the rest of the United States. According to BestPlaces.net, the cost of living index for 12211 Albany is 133.5, which is significantly higher than the national average of 100. Housing costs are particularly expensive, with median home and rent prices both well above the national average. Additionally, transportation and healthcare costs are also higher than average in this area. Although 12211 Albany may be an expensive place to live initially, many find that it is ultimately worth the cost due to its many conveniences and attractions.