Housing costs in Albany?
A typical home costs
$172,700, which is 48.9% less expensive than the national average of
$338,100 and 58.2% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,260 per month, which is 35.7% cheaper than the national average of
$1,960 and 4.0% cheaper than the state average of
$1,310.
Can I afford Albany?
To live comfortably in Albany (zip 12206), New York, a minimum annual income of
$33,120 for a family, and
$41,200 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 12206 Albany, NY is quite reasonable. Most essentials such as food, groceries, and gas are relatively inexpensive compared to other cities in the U.S., with the median home value sitting at around $160,000. Other expenses such as utilities and healthcare are also affordable compared to the national average, making 12206 an attractive place for those looking for an affordable place to live. However, those with larger families may find it difficult to afford due to the rising rental prices. Despite this, 12206 remains a great option for renters and homeowners alike.