Cost of Living in Albany County, NY

What does it cost to live in Albany County? Income, housing, and affordability breakdown.

Median Income

$78,829

Median Rent

$1,196/mo

Median Home

$263,800

Affordability

355

Housing Cost Breakdown

Owning (20% down, 6.5%)

Mortgage (P&I)$1,334
Property Tax$426
Insurance$88

Total Monthly$1,848
% of Income28.1%

Renting

Median Rent$1,196
Renter's Insurance$25

Total Monthly$1,221
% of Income18.2%

Living in Albany County, New York

Albany County has a median household income of $78,829 with housing costs that represent 28.1% of income for owners and 18.2% for renters. Housing costs are within the recommended 30% of income threshold.

The affordability index of 355 (100 = median income perfectly covers median housing costs) gives a quick snapshot. Use our calculator for a comprehensive comparison across counties, including taxes, utilities, healthcare, and commute costs.

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Other Counties in New York

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Bureau of Labor Statistics, Bureau of Economic Analysis. Estimates are county-level medians. This is not financial advice.