Albany, NY (12207) is a great place to live. It's home to several companies, including Regeneron Pharmaceuticals and AMRI Global. 2 bedroom rent in Albany, NY is $1,200 which is much lower than the US average of $1,430. Additionally, grocery cost index in Albany is 100 which is on par with the US index showing that living costs in Albany are very reasonable compared to other places in the US.
Albany (zip 12207) has an unemployment rate of 7.1%. The US average is 6.0%.
Albany (zip 12207) 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 12207)
- The Sales Tax Rate for Albany (zip 12207) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 12207) 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 12207)
- The average income of a Albany (zip 12207) resident is $12,374 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 12207) resident is $22,670 a year. The US average is $69,021 a year.