Albany, NY is a vibrant city with a lot to offer. It has a population of 97,904 people according to the 2019 census. Although the rent for two bedroom apartments in Albany is $130 cheaper than the US average at $1,320, the cost of groceries is higher than the national average coming in at 101 on the grocery cost index. This vibrant city offers many attractions such as The New York State Museum, The Egg Performing Arts Center and The Empire State Plaza. There are also plenty of local businesses such as Honest Weight Food Co-op, Manory’s Restaurant & Bakery and Uncommon Grounds Coffee House that make Albany an exciting place to live.
Albany has an unemployment rate of 7.1%. The US average is 6.0%.
Albany has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany
- The average income of a Albany resident is $24,342 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $52,583 a year. The US average is $69,021 a year.