Cost of Living in Albany, NY
Overall index: 80 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 64 | -36% | $825 |
| Transportation | 109 | +9% | $3.50 |
| Food | 80 | -20% | $328 |
| Utilities | 82 | -18% | $115 |
| Healthcare | 82 | -18% | $83 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Albany?
A single adult living comfortably in Albany, NY needs approximately $28,000 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Albany, NY?
The overall cost of living in Albany, NY is 20% lower than the US national average (index: 80 where 100 = national average).
How much is rent in Albany, NY?
Average rent for a 1-bedroom apartment in Albany, NY is about $825/month.
Is Albany, NY expensive to live in?
No, Albany, NY is affordable (below national average).
What salary do I need to live in Albany, NY?
A single adult needs roughly $28,000/year to cover basic living costs in Albany, NY.