Cost of Living / Albany, NY Metro
Cost of Living in Albany, NY Metro
Official metro name: Albany-Schenectady-Troy, NY Metro Area
Albany, NY Metro has a population of 901,729. Median household income is $83,360 and median rent is $1,181 per month. Rent is roughly 17.0% of median monthly income.
State: NYPopulation: 901,729Income: $83,360Rent: $1,181Affordability: Affordable (17.0%)
Median Household Income
$83,360
Annual (ACS median)
Median Rent
$1,181
Monthly (ACS median gross rent)
Rent as % of Income
17.0%
rent ÷ (income/12)
Cost Index
111
Simplified relative index
Is Albany, NY Metro expensive?
Based on median rent and income, Albany, NY Metro has a Affordable rent burden. Median rent is $1,181, which is about 17.0% of median monthly household income.
Average rent in Albany, NY Metro
Median rent (ACS) is $1,181 per month. (Neighborhoods vary widely.)
How much income do you need in Albany, NY Metro?
Median household income (ACS) is $83,360 per year. Housing costs take a bigger share of income when rent burden is high.
Other metros in NY
Compare Albany, NY Metro with nearby metros:
- Albany, NY Metro vs New York, NY Metro
- Albany, NY Metro vs Buffalo–Cheektowaga, NY Metro
- Albany, NY Metro vs Rochester, NY Metro
- Albany, NY Metro vs Poughkeepsie, NY Metro
- Albany, NY Metro vs Syracuse, NY Metro
- Albany, NY Metro vs Utica–Rome, NY Metro
- Albany, NY Metro vs Binghamton, NY Metro
- Albany, NY Metro vs Kingston, NY Metro
Data sources
- US Census Bureau American Community Survey (ACS).
- Affordability metric: median rent ÷ (median household income / 12).
- Figures are metro-level medians; local variation is expected.