Albany, NY 12206 is a vibrant and growing city with a population of 97,856 people. It is located in the northeast part of New York State and offers an abundance of activities and attractions for its residents. The average two bedroom rent in this area is $1,260 per month, which is significantly lower than the US average of $1,430. Grocery costs here are also below average as the grocery cost index is 98 versus 100 in the US. There are many local companies that call Albany home such as Regeneron Pharmaceuticals, OGS IT Services and Collaborative Solutions Inc., who all benefit from the city’s diverse population and strong economy.
Albany (zip 12206) has an unemployment rate of 7.1%. The US average is 6.0%.
Albany (zip 12206) 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 (zip 12206)
- The Sales Tax Rate for Albany (zip 12206) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 12206) 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 12206)
- The average income of a Albany (zip 12206) resident is $17,464 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 12206) resident is $32,994 a year. The US average is $69,021 a year.