Cost of Living in Albany County, NY
Population 317,018 · Census ACS 2020–2024 5-year estimates
The median rent in Albany County, NY is $1,313/month, 19% lower than the New York median and 7% lower than the U.S. median. The median home value is $294,600, 11% lower than the national median. Households earn a median of $85,333 a year, about the same as the state median.
Affordability
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Albany County vs. New York vs. U.S.
| Albany County | New York | U.S. | |
|---|---|---|---|
| Median rent | $1,313 | $1,621 | $1,413 |
| Median home value | $294,600 | $423,800 | $332,700 |
| Median household income | $85,333 | $85,974 | $80,734 |
| Homeownership rate | 56.6% | 54.3% | 65.2% |
| Bachelor's degree or higher | 46.4% | 40.2% | 35.7% |
| Poverty rate | 13.0% | 14.0% | 12.5% |
| Unemployment rate | 5.0% | 6.4% | 5.2% |
| Work from home | 15.2% | 14.9% | 15.1% |
| Median age | 38.4 | 39.8 | 38.9 |
FAQ
What is the average rent in Albany County, NY?
The median gross rent in Albany County, NY is $1,313 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Albany County, NY?
Using the common 30% rule, renting a median-priced home takes about $52,520 a year in gross income.
Is Albany County, NY expensive to live in?
Rent there is 7% lower than the U.S. median, and the median home costs about 3.5 times the median household income.
Other counties in New York
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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