Cost of Living in Albany, New York
Rent, everyday costs and taxes in Albany, what each job keeps after paying them, and how the city compares with the rest of the US.
- Population
- 101,698
- Median household income
- $65,231
- Cost of living (US = 100)
- 99.6
- Unemployment rate
- 3.8%
Is Albany a good place to live?
Albany is a good place to live if you want your pay to go further: a typical worker keeps more here than in 137 of the 178 other large US cities we track.
A typical worker in Albany keeps $9,920 a year after taxes, rent and everyday costs. Try your job
- Cost of livingAbout the same as the US average (BEA, 2024)
- Rent$1,458 a month for a 1-bedroom (HUD)
- Taxes$2,560 of state income tax on a typical wage
Cost of living in Albany
Prices in the Albany-Schenectady-Troy, NY area run about the same as the US average. Utilities is the biggest difference, at 34% above the US average.
- Housing3% above the US average
- Goods (food, clothing, cars)About the same as the US average
- Utilities34% above the US average
- Other services (healthcare and more)2% below the US average
- All itemsAbout the same as the US average
Monthly budget for one person
| Cost | Monthly | Yearly |
|---|---|---|
| Rent, 1-bedroom | $1,458 | $17,496 |
| Food | $492 | $5,904 |
| Transportation | $389 | $4,668 |
| Healthcare | $344 | $4,128 |
| Utilities | $349 | $4,188 |
| Total before taxes | $3,032 | $36,384 |
Rent by apartment size
| Monthly rent | Albany | Whole metro area |
|---|---|---|
| Studio | $1,265 | $1,238 |
| 1 bedroom | $1,458 | $1,425 |
| 2 bedrooms | $1,751 | $1,711 |
| 3 bedrooms | $2,087 | $2,039 |
| 4 bedrooms | $2,300 | $2,249 |
Living in Albany
How Albany compares with the US on income, housing, work and commuting (Census Bureau, ACS 2024 1-year).
| Measure | Albany | US |
|---|---|---|
| Median household income | $65,231 | $81,604 |
| Median home value | $258,000 | $360,600 |
| Median rent paid | $1,317 | $1,487 |
| Households renting | 61.9% | 34.7% |
| Unemployment rate | 3.8% | 4.6% |
| Living below the poverty line | 20.7% | 12.2% |
| Adults with a bachelor's degree or higher | 47.9% | 36.9% |
| Median age | 33.3 years | 39.2 years |
| Average commute, one way | 19.9 minutes | 27.2 minutes |
| Working from home | 13.2% | 13.3% |
| Commuting by public transit | 10.2% | 3.7% |
The 1-year survey doesn’t publish commuting method for Albany, so those figures come from the 2020–2024 5-year estimates.
Home internet
4 providers offer home internet to at least a quarter of Albany, led by Spectrum, T-Mobile, Verizon, Hudson Valley Wireless. Fiber reaches 6.6% of homes and 10.1% can get gigabit speeds.
Pros and cons of living in Albany
Pros
- Shorter commutes. The average one-way commute is 19.9 minutes, against 27.2 nationally.
- Paychecks go further. A typical worker keeps $9,920 a year after taxes, rent and everyday costs, more than in 137 of 178 large cities.
- Strong job market. Unemployment is 3.8%, against 4.6% nationally (ACS 2024 1-year).
- Usable public transit. 10.2% of commuters take public transit, against 3.7% nationally.
Cons
- Higher poverty rate. 20.7% of residents live below the poverty line, against 12.2% nationally.
- Lower incomes. Median household income is $65,231, against $81,604 nationally.
- Patchy fast internet. Only 10.1% of homes can get gigabit speeds (FCC).
What your job keeps in Albany
Pick a job, or enter your salary, to see what's left after federal, payroll, state and local taxes, a 1-bedroom rent and everyday costs.
- Typical salary
- $58,460
- Federal income tax
- −$4,835
- Payroll taxes
- −$4,756
- State income tax
- −$2,560
- Rent, 1-bedroom
- −$17,496
- Everyday costs
- −$18,893
a year, or $827 a month
Pay: BLS OEWS Albany-Schenectady-Troy, NY. Rent: HUD FY2027. Taxes: 2026 federal, state and local schedules for a single filer.
What the most common jobs keep here
The 10 jobs we cover with the most workers in the Albany-Schenectady-Troy, NY area.
| Job | Median pay | You keep |
|---|---|---|
| Lawyer | $131,310 | $57,209 |
| Software engineer | $127,910 | $55,124 |
| Project manager | $109,850 | $43,811 |
| Registered nurse | $99,970 | $37,469 |
| Accountant | $84,660 | $27,628 |
| Teacher | $80,102 | $24,687 |
| Social worker | $68,371 | $17,118 |
| Truck driver | $60,720 | $11,604 |
| Auto mechanic | $55,500 | $7,714 |
| Nursing assistant | $40,160 | −$3,717 |
Other jobs, A–Z
What each keeps in Albany on its median pay. Pick one in the calculator above for the full breakdown.
- Carpenter $11,604
- Civil engineer $39,081
- Data scientist $36,805
- Dental assistant $2,290
- Dental hygienist $36,218
- Dentist $96,497
- Diesel mechanic $13,936
- Electrician $21,324
- Financial analyst $31,879
- Firefighter $18,712
- HVAC technician $15,568
- Licensed practical nurse $12,670
- Lineman $54,922
- Mechanical engineer $42,836
- Medical assistant −$207
- Nurse practitioner $59,219
- Occupational therapist $28,486
- Paralegal $11,574
- Paramedic $13,579
- Pharmacist $60,525
- Pharmacy technician −$3,575
- Physical therapist $33,640
- Physician assistant $61,218
- Plumber $22,982
- Police officer $23,485
- Radiologic technologist $28,227
- Respiratory therapist $28,008
- Speech-language pathologist $26,015
- Veterinarian $57,435
- Welder $10,613
Compare Albany with other cities
Compare Albany with another city: any city or state, any of our 40 jobs.
Moving to Albany
11 licensed interstate movers are based in Albany, and 12 more elsewhere in the Albany-Schenectady-Troy, NY area (FMCSA, household-goods authority).
Questions people ask
Is Albany, NY a good place to live?
Albany is a good place to live if you want your pay to go further: a typical worker keeps more here than in 137 of the 178 other large US cities we track. The typical worker here earns $58,460 and keeps $9,920 a year after federal, payroll and state taxes, a 1-bedroom rent and everyday costs.
What is the cost of living in Albany?
Prices in the Albany-Schenectady-Troy, NY area are about the same as the US average (BEA Regional Price Parities, 2024). A 1-bedroom rents for $1,458 a month (HUD fair market rent, FY2027), and everyday costs for one person, covering food, transportation, healthcare and utilities, come to about $1,574 a month.
How much do you need to earn to live in Albany?
A single person renting a 1-bedroom alone needs about $45,200 a year before tax to cover taxes, rent and everyday costs, with nothing left over. The typical worker in the Albany-Schenectady-Troy, NY area earns $58,460.
What is the average rent in Albany?
HUD's fair market rent for FY2027 is $1,265 for a studio, $1,458 for a 1-bedroom and $1,751 for a 2-bedroom. The Census Bureau puts the median rent paid in Albany at $1,317 a month (2024).
Does Albany have a state or city income tax?
Yes. On a typical wage of $58,460, New York state income tax comes to about $2,560 a year. Albany has no local income tax on wages.
What internet providers serve Albany?
4 providers offer home internet to at least a quarter of Albany, led by Spectrum, T-Mobile, Verizon, Hudson Valley Wireless. 6.6% of homes can get fiber and 10.1% can get gigabit speeds (FCC National Broadband Map).
Sources and method
Everyday costs: BLS Consumer Expenditure Survey 2024 (one-person households) × CPI-U to August 2026 × BEA Regional Price Parities 2024. Taxes assume a single filer with the standard deduction and wage income only.
- Census Bureau, Vintage 2025 population estimates
- Census Bureau, American Community Survey 2024 1-year estimates
- Census Bureau, American Community Survey 2020-2024 5-year estimates
- BLS OEWS May 2025, metropolitan area estimates
- HUD Small Area Fair Market Rents, FY2027
- BLS Consumer Expenditure Surveys 2024, Table 1400 (size of consumer unit)
- BLS Consumer Price Index (CPI-U)
- BEA Regional Price Parities by MSA, 2024
- FCC National Broadband Map, fixed broadband availability (data as of December 31, 2025, released 2026-09-29)
- FMCSA Carrier - All With History (operating authority and insurance)
Data compiled October 13, 2026. How we calculate