Cost of Living in Albany, NY is
14.0% Higher
than the National Average

Did the Cost of Living in Albany, NY increase in 2021? Albany, NY area prices were up 1.5% from a year ago. The largest increases were found in Transportation, Food, and Housing.
By using Salary.com's Cost of Living Calculator, you can make a cost of living comparison of the Consumer Price Index (CPI) and salary differentials of over 300+ US cities. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams!
About Albany, New York    Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank....More

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Cost of Living in other Major Cities

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 86.1%
City, State Washington, DC Compared to national average
+ 56.1%
City, State Miami, FL Compared to national average
+ 11.6%
City, State Chicago, IL Compared to national average
+ 15.0%
City, State Boston, MA Compared to national average
+ 51.0%
City, State New York, NY Compared to national average
+ 80.4%
City, State Dallas, TX Compared to national average
-2.7%

Cost of Living Albany, NY by Expense Category

Category Compared to national average
CategoryEnergy Compared to national average
+ 3.7%
CategoryFood Compared to national average
-14.1%
CategoryHealthcare Compared to national average
-16.5%
CategoryHousing Compared to national average
+ 14.1%
CategoryTransportation Compared to national average
-13.6%

Cost of Living Comparison with Albany, NY

If you move to Albany from one of these cities, you would have these the changes of your cost of living.


Move From Move To Cost Of Living Comparison
Move FromSan Francisco, CA Move ToAlbany, NY Cost Of Living Comparision
-72.1%
Move FromWashington, DC Move ToAlbany, NY Cost Of Living Comparision
-42.1%
Move FromMiami, FL Move ToAlbany, NY Cost Of Living Comparision
+ 2.4%
Move FromChicago, IL Move ToAlbany, NY Cost Of Living Comparision
-1.0%
Move FromBoston, MA Move ToAlbany, NY Cost Of Living Comparision
-37.0%
Move FromNew York, NY Move ToAlbany, NY Cost Of Living Comparision
-66.5%
Move FromDallas, TX Move ToAlbany, NY Cost Of Living Comparision
+ 16.6%

Based on this cost of living comparison, you can see:
If you move from Chicago IL, Dallas, TX, or Miami, FL, the percent increase of your cost of living could be 22.8%, 37.8%, and 24.8%. Looks like this move could have a negative net change in disposable income, so please think carefully!
If you move from New York, NY, San Francisco, CA, or Washington, DC, the percent reduction of your cost of living could be -43.50%, -23%, and -20.10%, that's good news to you that you could be looking at a positive net change in disposable income.


About Albany, NY

Albany (/ˈɔːlbəni/ (listen) ALL-bə-nee) is the capital of the U.S. state of New York and the seat of Albany County. Albany is located on the west bank of the Hudson River approximately 10 miles (16 km) south of its confluence with the Mohawk River and approximately 135 miles (220 km) north of New York City. Albany is known for its rich history, commerce, culture, architecture, and institutions of higher education. Albany constitutes the economic and cultural core of the Capital District of New York State, which comprises the Albany–Schenectady–Troy, NY Metropolitan Statistical Area, including ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia


Comments about the Cost of Living in Albany, NY

If I plan on eating out occasionally will it be affordable in Albany, NY?

Albany, New York going out to eat at a restaurant and buying food is considered to be affordable. Make sure you take this into account as you plan your overall cost of living in Albany, NY. ( 2021-06-28 salary.com )

Are there good recreational opportunities in or near Albany, NY?

Albany, NY does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. ( 2021-06-28 salary.com )

I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?

Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. You should call at least three moving companies for a moving estimate, the cost might be less than you think and you won’t have to worry about a friend hurting their back trying to move your heavy furniture. Another way to make your move easier – and save money – is by weeding out items you don’t need anymore. Why bother to move stuff that you do not even use! Have a yard sale or find a local charitable organization and donate items you no longer use. Make sure you include these moving costs into the overall cost of living for year one in Albany, NY. ( 2021-06-28 salary.com )

Are there any tips that will help make the move to Albany, New York easier for my child?

Adults find that moving can sometimes be an emotional and stressful experience. Children, who don’t have the maturity, independence, and understanding of a parent may be even more sensitive to a move. If they are old enough to understand, include the children in making plans for the move. When moving to a distant place, help your children learn about the new area. Check out the website for Albany, New York to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. ( 2021-06-28 salary.com )

I need to understand how to budget for energy, is the cost electricity going up or down in Albany, New York?

The cost of electricity in New York has gone up by 2.878% in the past year. It is possible that electric rates may fluctuate depending on consumption rates, government regulations and even the weather. ( 2021-06-28 salary.com )

I have a child, how much will child care cost per month in Albany, New York ?

The estimated average annual cost for child care in Albany, New York (based on state average), is $14144. This cost is ranked NO. 4 nationally. Some employers have company provided day care centers that let you bring your child to work with you and receive care on site. Some colleges and universities with Childhood Education programs also may have day care centers available at reduced costs, so you should explore those possibilities to see if you can reduce your child care expense. ( 2021-06-28 salary.com )

How do rental housing prices in Albany,New York impact the overall cost of living?

I am single and live in Albany,NY, I rent a small 1 bedroom and the monthly rent is $820 . Rent contributes to a large part of the overall cost of living in Albany,NY, I try to economize by having a small apartment. ( 2021-06-28 salary.com )

Are there fun things to in Albany, New York that are free or don’t cost a lot?

Looks for areas of Albany, New York where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Albany, NY to find recommendations for activities that are available and unique to the area. ( 2021-06-28 salary.com )

Will I have to pay a lot in taxes if I move to Albany, New York?

The sales tax for Albany is 4%. This is the tax that you will pay on things that you buy. ( 2021-06-28 salary.com )

How much is a monthly pass for public transit in Albany, New York?

The cost of a monthly transit pass in Albany, NY is around $65.00. Ask your employer if they offer discounted passes to save even more money and reduce your cost of commuting and overall COL ( 2021-06-28 salary.com )

Can you save money using public transport?

You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. ( 2021-06-28 salary.com )



Cost of Living Frequently Asked Questions

What is a Cost of Living index and how is it used?

In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family. ( 2021-06-28 salary.com )

What factors are included in estimating your cost of living?

The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison. ( 2021-06-28 salary.com )

The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly. ( 2021-06-28 salary.com )


Last Update: 2021-06-28