Cost of Living in Albany, NY
2024 data from the Bureau of Economic Analysis
Cost Index
99.6
0.4% below avg
Housing Index
102.6
Median Income
$83,360
Median Rent
$1,181/mo
Cost Breakdown
Overall99.6 (-0.4%)
Housing102.6 (+2.6%)
Goods99.7 (-0.3%)
Utilities134.0 (+34.0%)
Other Services97.8 (-2.2%)
National average = 100
Income & Housing
Median Household Income
$83,360/year
Median Home Value
$254,100
Median Monthly Rent
$1,181/mo
Per Capita Income
$44,919/year
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Frequently Asked Questions
Is Albany, NY expensive to live in?
Albany, NY has a cost of living index of 99.6, which is 0.4% below the national average.
How much does housing cost in Albany, NY?
Housing costs in Albany, NY are indexed at 102.6 compared to the national average of 100. The median monthly rent is $1,181.
What is the average income in Albany, NY?
The median household income in Albany, NY is $83,360 per year.
What is the average home price in Albany, NY?
The median home value in Albany, NY is $254,100.