Zip 12208 (Albany, NY) Economy


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12208 Albany, NY is a great place to live for those looking for a moderate cost of living. The average two bedroom rent is $1,330 per month, which is $100 cheaper than the US average of $1,430. Additionally, groceries are slightly more expensive at an index of 102 versus 100 in the US. The area has a population of 49,599 and there are plenty of job opportunities from local companies like SEFCU Credit Union, Bank of America, Ernst & Young LLP and Stuyvesant Plaza. With its affordable housing costs and many employment opportunities, 12208 Albany is a great place to move to or stay in.

Albany (zip 12208) has an unemployment rate of 7.1%. The US average is 6.0%.

Albany (zip 12208) has seen the job market decrease by -3.6% 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 (zip 12208)
- The Sales Tax Rate for Albany (zip 12208) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 12208) 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 (zip 12208)
- The average income of a Albany (zip 12208) resident is $38,841 a year. The US average is $37,638 a year.
- The Median household income of a Albany (zip 12208) resident is $66,624 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlbany, New YorkUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Albany
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This is a great neighborhood if you like having walkable access to a variety of stores/services. Between two hospitals, there are banks, restaurants, a library, post  More

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