Housing costs in Albany?
A typical home costs
$219,900, which is 35.0% less expensive than the national average of
$338,100 and 46.8% less expensive than the average New York home, at
$413,600. Renting a two-bedroom unit in Albany costs
$1,200 per month, which is 38.8% cheaper than the national average of
$1,960 and 9.2% cheaper than the state average of
$1,310.
Can I afford Albany?
To live comfortably in Albany (zip 12207), New York, a minimum annual income of
$42,120 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 12207 Albany, NY is relatively high compared to other areas in the United States. The median home price is $191,500 and the average rent for a one-bedroom apartment is around $1,050 per month. While the average property tax rate is 1.59%, this can vary greatly depending on the neighborhood and specific properties within it. Groceries, goods and services are generally more expensive than in other parts of the country as well. All in all, while living in 12207 Albany, NY may be expensive, its diverse culture and abundance of local amenities make it an attractive place to live for those who can afford it.