Cost of Living in Albany, NY
Population: 100,081 • 2026 Data
$59,485
Median Household Income
-23% vs national
$1,178
Median Monthly Rent
-13% vs national
$223,000
Median Home Value
-34% vs national
8.3%
Unemployment Rate
Housing in Albany
The median home value in Albany, NY is $223,000. Monthly rent for a typical unit averages $1,178, while total monthly housing costs (including utilities and insurance) average $1,217.
Rent-to-income ratio: 23.8%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Albany, NY is $59,485. The unemployment rate stands at 8.3%, with a labor force of 55,465 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.