Housing costs in Albany?
A typical home costs
$253,100, which is 25.1% less expensive than the national average of
$338,100 and 38.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 48.5% cheaper than the state average of
$1,960.
Can I afford Albany?
To live comfortably in Albany, New York, a minimum annual income of
$48,600 for a family, and
$43,600 for a single person is recommended.
What does A.I. say about Albany?
Albany serves up an interesting choice for those seeking a more cost-effective living solution positioned somewhere near New York’s Capitol District offering up medians approaching the mid-$190s and rental rates shortly arrive close by upwards of 1 thousand dollars depending upon desired amenities - still notably lower compared to other cities like Troy or Clifton Park which are placed slightly further eastward. Grocery stores additionally remain almost equal with United States levels thanks largely to local taxes & regulations while sales tax totals out unchanged at 8%.