Housing costs in Albany-Schenectady-Troy?
A typical home costs
$294,600, which is 12.9% less expensive than the national average of
$338,100 and 28.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany-Schenectady-Troy costs
$1,310 per month, which is 8.4% cheaper than the national average of
$1,430 and 49.6% cheaper than the state average of
$1,960.
Can I afford Albany-Schenectady-Troy?
To live comfortably in Albany-Schenectady-Troy New Y Metro Area, New York, a minimum annual income of
$56,520 for a family, and
$43,200 for a single person is recommended.
What does A.I. say about Albany-Schenectady-Troy?
The cost of living in the Albany-Schenectady-Troy, NY Metro Area is slightly lower than the US average. According to data from the US Census Bureau, the median house value in this area is $294,600 which is significantly lower than the US average of $338,100. Additionally, the cost of living in this area is 98.4 while the US average cost of living index stands at 100. This indicates that it's relatively cheaper to live in this region compared to many other areas across America.