Housing costs in Albany?
A typical home costs
$222,200, which is 34.3% less expensive than the national average of
$338,100 and 46.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,350 per month, which is 31.1% cheaper than the national average of
$1,960 and 3.0% more than the state average of
$1,310.
Can I afford Albany?
To live comfortably in Albany (zip 12209), New York, a minimum annual income of
$42,480 for a family, and
$44,400 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 12209 Albany, NY is relatively high compared to other cities. According to the US Bureau of Labor Statistics, the cost of goods and services in 12209 Albany, NY is 20% higher than the national average. Goods such as groceries, transportation, and health care are all more expensive than the national average in this area. Housing costs are also above average with a median home price of $180,000. Renters will find that rent prices are moderately high with an average rent of $1,100 per month for a two-bedroom apartment. Despite higher costs for goods and services, living in 12209 Albany, NY can be a rewarding experience because it offers access to some great amenities like numerous parks and historic sites as well as interesting cultural opportunities like galleries and concerts.