Zip 12209 (Albany, NY) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
12209 Albany, NY is an area with a relatively affordable rental market. The average 2 bedroom rent in 12209 Albany, NY is $1,350 compared to the US average of $1,430. The grocery cost index in this area is also lower than the US average at 101 versus 100. Residents of 12209 Albany, NY have access to numerous locally-owned shops and restaurants such as Lark Street Market and Brookfield Bakehouse. These businesses offer residents quality products at affordable prices. Other popular local companies include Hattie's Restaurant and BMT Tax & Accounting firm.

Albany (zip 12209) has an unemployment rate of 7.1%. The US average is 6.0%.

Albany (zip 12209) 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 12209)
- The Sales Tax Rate for Albany (zip 12209) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 12209) 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 12209)
- The average income of a Albany (zip 12209) resident is $26,896 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 12209) resident is $68,185 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%
  $34,320$37,638
  $68,185$69,021
  $74,049$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.6%6.8%
  5.3%10.0%
  0.2%2.5%
  9.8%11.0%
  2.3%4.8%
  0.5%0.8%
  3.0%1.9%
  7.1%4.7%
  0.5%1.9%
  8.2%7.6%
  0.3%0.1%
  1.7%4.2%
  8.6%9.3%
  21.1%14.0%
  2.5%2.1%
  6.9%7.0%
  3.7%4.8%
  14.7%4.7%
Health