Albany, New York 

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Economy in Albany, New York

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 $41,099 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYAlbany, New YorkUnited States
  7.1%6.0%
  -3.6%-6.2%
  24.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $27,632$31,177
  $43,790$57,652
  $63,426$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.1%0.6%
  3.3%6.2%
  3.0%10.4%
  1.2%2.7%
  11.3%11.6%
  2.6%4.1%
  0.3%0.9%
  2.2%2.1%
  3.6%4.7%
  1.7%1.9%
  6.8%6.7%
  0.0%0.1%
  3.2%4.3%
  12.4%9.3%
  18.1%13.8%
  2.1%2.2%
  10.9%7.4%
  4.7%4.9%
  12.4%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Albany    55 Reviews
    yup - 10/3/2020
    I’ve lived just outside of Albany in Clifton Park and its always been decent for me. The town is nice and theres a lot to do. The prices are a little expensive including... Read More

    Start Your Review of Albany


    Why not retire here? - 7/29/2020
    Good place to retire. Walkable. Young people. Buses. Sidewalks. Feel safe here in Whitehall neighborhood. Plenty to do. Taxes in ny are high,but you get what you pay... Read More

    Horrible Weather Year Round - 4/6/2018
    I've lived in the capital region Albany area since 1976. Albany's cost of living,(with the exception of property taxes,) is reasonable. There are a lot of things to do... Read More


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    MAPS OF ALBANY, NEW YORK
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Albany,New York Map
    ZIP CODES IN ALBANY, NEW YORK
    12203 12208 12206 12209 12210 12202 12222 12207


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