Housing costs in Albany?
A typical home costs
$267,400, which is 20.9% less expensive than the national average of
$338,100 and 35.3% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,460 per month, which is 2.1% more than the national average of
$1,430 and 34.2% cheaper than the state average of
$1,960.
Can I afford Albany?
To live comfortably in Albany (zip 12205), New York, a minimum annual income of
$51,120 for a family, and
$48,000 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 12205 Albany, NY is slightly higher than the national average. The median home value in this area is around $218,100, which is slightly above the state median of $211,300. Renters also face higher costs with the median rent for a two-bedroom apartment coming in at $1,421 per month. Grocery and utility costs are about on par with the national average as well. Overall, 12205 Albany has a slightly higher cost of living than most places but remains an affordable place to live and work.