Cost of living in Albany, NY
The Albany-Schenectady-Troy, NY metro area (913,485 people) ranks #67 of 149 for prices among the U.S. metro areas we cover. Here's what it costs to live there.
Hover over or tap a dot to see its value.
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Price level, from cheaper to pricier.
- The Villages, FL 85.4
- McAllen, TX 85.9
- Springfield, MO 88.6
- Wichita, KS 88.9
- Jackson, MS 89.0
- Tulsa, OK 89.2
- Columbus, GA 89.3
- Little Rock, AR 89.4
- El Paso, TX 89.9
- Oklahoma City, OK 90.4
- Sioux Falls, SD 90.6
- Baton Rouge, LA 90.8
- Clarksville, TN 90.9
- Fargo, ND 90.9
- Killeen, TX 91.1
- Spartanburg, SC 91.1
- Fayetteville, AR 91.4
- Chattanooga, TN 91.5
- Toledo, OH 91.5
- Birmingham, AL 91.6
- Des Moines, IA 91.7
- Augusta, GA 91.9
- Omaha, NE 91.9
- Fayetteville, NC 92.0
- Winston-Salem, NC 92.0
- Jacksonville, NC 92.1
- Memphis, TN 92.2
- Kansas City, MO 92.5
- Fort Wayne, IN 92.6
- Knoxville, TN 92.6
- New Orleans, LA 92.6
- Dayton, OH 92.7
- Greensboro, NC 92.9
- Lexington, KY 92.9
- Huntsville, AL 93.1
- Louisville, KY 93.1
- Greenville, SC 93.3
- Akron, OH 93.4
- Billings, MT 93.5
- Myrtle Beach, SC 93.6
- Columbia, SC 93.7
- Cleveland, OH 93.9
- Daphne, AL 94.7
- Pittsburgh, PA 94.7
- San Antonio, TX 94.7
- St. Louis, MO 95.1
- Ocala, FL 95.2
- Savannah, GA 95.2
- Cincinnati, OH 95.4
- Albuquerque, NM 95.5
- Columbus, OH 95.5
- Grand Rapids, MI 95.5
- Indianapolis, IN 95.7
- Syracuse, NY 95.7
- Buffalo, NY 95.8
- Nashville, TN 96.3
- Wilmington, NC 96.4
- Asheville, NC 96.5
- Cheyenne, WY 96.5
- Gainesville, FL 96.7
- Milwaukee, WI 96.9
- Tucson, AZ 96.9
- Crestview, FL 97.0
- Rochester, NY 97.0
- Lakeland, FL 97.1
- Charlotte, NC 97.3
- Madison, WI 97.3
- Panama City, FL 97.3
- Durham, NC 97.6
- Pensacola, FL 97.7
- Richmond, VA 97.9
- Virginia Beach, VA 97.9
- Hilton Head Island, SC 98.0
- Austin, TX 98.1
- Provo, UT 98.2
- Raleigh, NC 98.2
- Prescott, AZ 98.3
- Boise, ID 98.4
- Houston, TX 98.6
- Harrisburg, PA 98.7
- Daytona Beach, FL 99.4
- Jacksonville, FL 99.5
- Albany, NY 99.6
- Allentown, PA 100.0
- Palm Bay, FL 100.0
- Atlanta, GA 100.1
- Greeley, CO 100.2
- Las Vegas, NV 100.2
- Port St. Lucie, FL 100.2
- Detroit, MI 100.3
- Ogden, UT 100.3
- Spokane, WA 100.3
- Norwich, CT 100.4
- Punta Gorda, FL 100.5
- Colorado Springs, CO 100.7
- Ann Arbor, MI 100.9
- Bakersfield, CA 100.9
- Burlington, VT 100.9
- Salt Lake City, UT 100.9
- Tampa, FL 100.9
- Charleston, SC 101.0
- Reno, NV 101.0
- Fort Collins, CO 101.1
- Orlando, FL 101.4
- Eugene, OR 101.6
- Providence, RI 101.8
- Portland, ME 101.9
- Fresno, CA 102.2
- Cape Coral, FL 102.3
- Sarasota, FL 102.4
- Worcester, MA 102.5
- Philadelphia, PA 102.6
- Hartford, CT 102.7
- Dallas, TX 103.1
- Naples, FL 103.2
- Trenton, NJ 103.2
- Phoenix, AZ 103.3
- Bend, OR 103.6
- Chicago, IL 103.6
- Olympia, WA 103.7
- Baltimore, MD 104.5
- New Haven, CT 104.6
- Minneapolis, MN 104.8
- Stockton, CA 105.1
- Boulder, CO 105.2
- Anchorage, AK 105.4
- Portland, OR 105.4
- Bremerton, WA 105.6
- Manchester, NH 105.7
- Denver, CO 105.8
- Riverside, CA 106.4
- Sacramento, CA 106.7
- Bridgeport, CT 106.9
- Santa Rosa, CA 107.8
- Boston, MA 108.3
- Vallejo, CA 108.5
- Santa Barbara, CA 108.8
- Washington, D.C. 108.9
- Salinas, CA 109.0
- Poughkeepsie, NY 109.4
- San Jose, CA 110.4
- Oxnard, CA 110.5
- Honolulu, HI 111.0
- Seattle, WA 111.1
- San Diego, CA 111.9
- New York, NY 112.6
- Los Angeles, CA 113.6
- Miami, FL 114.2
- San Francisco, CA 115.6
Compare Albany with your city
See what you'd need to earn in Albany to keep your lifestyle, after taxes and local prices. The calculator starts from New York, NY, which sends the most households here of the metros we cover (IRS, 2022–2023), using its median household income as an illustrative single-earner salary. Household income can include several earners and other income; it is not a typical individual wage. Pick your own city, salary and filing status.
Equal salary in Albany: $82,000
Compare any two of 149 U.S. metro areas. All cities
To keep the same lifestyle, you need about $82,000 in Albany, NY to match $100,000 in New York, NY ($18,000 less), after 2026 taxes and local prices.
Single filer, W-2 salary. Both are in New York, so state income tax is the same; includes New York City resident tax $3,441 (inside city limits).
Prices and housing cover the metro area; taxes use New York, its principal state. A metro can span several states; living in its other state can change the tax result.
What things cost in Albany
The vertical line marks the U.S. average (100). BEA Regional Price Parities 2024 for the metropolitan area.
Taxes in Albany
In this fixed example, one single filer earning an $85,000 W-2 salary keeps $64,267 after 2026 federal tax ($9,870), Social Security and Medicare ($6,503) and New York income tax ($3,993), plus $367 in state payroll programs. The salary is rounded from median household income, not an observed individual wage. This example stays fixed when you change the calculator.
Housing
| Measure | Albany area |
|---|---|
| Median rent | $1,341/mo |
| Median home value | $316,300 |
| Median property tax | $5,041/yr |
| Monthly cost to own the median home (20% down) | $2,255 |
| Median household income | $86,637 |
Climate and jobs in Albany
In the Albany area the average January low is 16°F and the average July high 84°F, and the area has about 10 days a year at 90°F or hotter. Unemployment averaged 3.4% in 2025, below the U.S. rate (4.3%), and the median wage across all jobs was $58,460 a year, 15% above the U.S. median.
| Climate | 1991–2020 average |
|---|---|
| January low | 16°F |
| July high | 84°F |
| Days 90°F or hotter | 10 a year |
| Precipitation | 41 in a year |
| Snowfall | 59 in a year |
| Jobs and pay | Metro area | U.S. |
|---|---|---|
| Unemployment rate, 2025 average | 3.4% | 4.3% |
| Median wage, all jobs (May 2025) | $58,460 | $50,980 |
| Wage and salary jobs (May 2025) | 449,410 | 155.5 million |
Climate: NOAA U.S. Climate Normals, 1991–2020 averages at the Albany Airport station (USW00014735). Weather varies across a metro area, especially with elevation and distance from the coast. Jobs: unemployment from BLS Local Area Unemployment Statistics; wages and job counts from BLS Occupational Employment and Wage Statistics, which count wage and salary jobs, not the self-employed; wages are before taxes. The 2025 average covers 11 months: October 2025 data were not collected during the federal government shutdown.
Retiring in Albany
Our modeled retiree budget is about $3,449 a month here with a home owned outright, or $3,768 renting. It uses spending benchmarks for households with a reference person age 65 or older (BLS 2024), adjusted for local prices. These are household-based estimates, not observed spending by a single retiree in Albany. See where your budget goes furthest.
Where people move to and from Albany
IRS county-to-county migration data, 2022–2023, aggregated to the 149 metro areas we cover.
Natural hazard risk
RelocateMath's population-weighted mean of FEMA county risk scores for the Albany area is 77.8 of 100 (high county-score mean), with modeled expected losses of about $235 per resident per year. A mean of county percentiles is not an official FEMA metro rating or a national metro percentile. It describes the counties in the metro; your property's risk can differ. Disaster risk by county in New York.
The vertical line marks county-score scale midpoint (50).
Frequently asked questions
What salary do you need to live in Albany?
In a fixed single-filer W-2 example living inside the principal city, about $80,500 in Albany matches the buying power of $75,000 in an average-priced area with no state income tax. The example uses 2026 federal taxes, New York state taxes and modeled resident local taxes where applicable. It stays fixed when calculator inputs change. Renting the median home at 30% of income takes $53,640, and buying the median home with 20% down takes about $96,631.
Is Albany expensive?
The Albany metro area's price level is 99.6 (U.S. = 100), #67 of the 149 metro areas we cover, from most to least expensive. Its housing rents price index is 102.6, 3% above the U.S. average.
Are people moving to Albany?
Counting moves to and from the other 148 metro areas we cover, Albany had a net loss of about 61 households in 2022–2023 (IRS county migration data).
What is the weather like in Albany?
In NOAA's 1991–2020 climate normals for the Albany area (Albany Airport weather station), the average January low is 16°F and the average July high 84°F. The area has about 10 days a year at 90°F or hotter and gets 41 inches of precipitation a year and about 59 inches of snow.
What are jobs and pay like in Albany?
The Albany metro area's unemployment rate averaged 3.4% in 2025, below the U.S. rate (4.3%). The median wage across all jobs was $58,460 a year in May 2025, 15% above the U.S. median of $50,980 (Bureau of Labor Statistics).
What natural disasters affect Albany?
RelocateMath's population-weighted mean of FEMA county risk scores is 77.8 out of 100 (high county-score mean). This is not an official FEMA metro rating or a national metro percentile. The highest county-score means by hazard are riverine flooding, lightning, hurricane.
Compare Albany with other cities
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Cities with similar prices
- Jacksonville, FL 99.5
- Daytona Beach, FL 99.4
- Allentown, PA 100.0
- Palm Bay, FL 100.0
- Atlanta, GA 100.1
- Las Vegas, NV 100.2
- Moving from New York
State-agency links identify the responsible tax office; they do not verify every modeled rule. Use forms and guidance for the year you are filing.