Zip 12202 (Albany, NY) Economy


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Albany, NY is a great city to live in. The 2 bedroom rent at 12202 Albany is $1,100 which is significantly lower than the US average of $1,430. In addition, grocery cost index in this area is 96 as compared to 100 in the US, making groceries more affordable here. Local companies such as Home Depot, Target and Price Chopper are all conveniently located within a close distance from 12202 Albany providing locals with easy access to everyday necessary items. There are also several restaurants and entertainment venues like Crossgates Mall and Colonie Center for those looking for something fun to do or eat during their free time. With affordable living costs and plenty of options for shopping and dining out, 12202 Albany has something for everyone.

Albany (zip 12202) has an unemployment rate of 7.1%. The US average is 6.0%.

Albany (zip 12202) 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 12202)
- The Sales Tax Rate for Albany (zip 12202) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 12202) 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 12202)
- The average income of a Albany (zip 12202) resident is $28,791 a year. The US average is $37,638 a year.
- The Median household income of a Albany (zip 12202) resident is $45,659 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlbany, New YorkUnited States
  7.16
  -3.6%-6.2%
  24.8%33.5%
  8.0%6.2%
  6.2%4.6%
  $28,791$37,638
  $45,659$69,021
  $44,769$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  1.5%6.8%
  6.4%10.0%
  1.4%2.5%
  7.7%11.0%
  3.4%4.8%
  1.1%0.8%
  2.0%1.9%
  2.4%4.7%
  0.4%1.9%
  2.4%7.6%
  0.2%0.1%
  6.5%4.2%
  6.4%9.3%
  26.5%14.0%
  5.0%2.1%
  9.9%7.0%
  3.1%4.8%
  13.5%4.7%
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