What Are the Everyday Living Costs in Albany, NY in 2024?
The average monthly cost of living in Albany, NY is $3,629, which is 20% lower than the U.S. average ($4,521). The average monthly cost of rent is $1,307, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,322 per month.
Albany, NY is ranked 112th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the cheaper cities in which to live in the U.S.
Cost of Living (for Renters / Monthly)
Rent
$1,307
Utilities
$456
Transportation
$159
Groceries
$717
Other
$990
Total
$3,629
What Are the Everyday Living Costs in Albany, NY in 2024?
The average monthly cost of living in Albany, NY for singles is $2,421, which is 18% lower than the U.S. average ($2,956). The average monthly cost of rent for singles is $843, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $1,578 per month.
Albany, NY is ranked 115th out of the 333 most populated cities in the U.S. for having the lowest cost of living for singles. Therefore, it is considered as one of the cheaper cities for singles in which to live in the U.S.
Cost of Living (for Single Renters / Monthly)
Rent
$843
Utilities
$264
Transportation
$83
Groceries
$360
Other
$870
Total
$2,420
What Are the Everyday Living Costs in Albany, NY in 2024?
The average monthly cost of living in Albany, NY for couples is $3,614, which is 20% lower than the U.S. average ($4,519). The average monthly cost of rent for couples is $1,284, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,329 per month.
Albany, NY is ranked 117th out of the 333 most populated cities in the U.S. for having the lowest cost of living for couples. Therefore, it is considered as one of the cheaper cities for couples in which to live in the U.S.
Cost of Living (for Couple Renters / Monthly)
Rent
$1,284
Utilities
$449
Transportation
$166
Groceries
$720
Other
$995
Total
$3,614
What Are the Everyday Living Costs in Albany, NY in 2024?
The average monthly cost of living in Albany, NY for single parents is $3,473, which is 17% lower than the U.S. average ($4,172). The average monthly cost of rent for single parents is $1,284, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $2,188 per month.
Albany, NY is ranked 99th out of the 333 most populated cities in the U.S. for having the lowest cost of living for single parents. Therefore, it is considered as one of the cheaper cities for single parents in which to live in the U.S.
Cost of Living (for Single Parent Renters / Monthly)
Rent
$1,284
Utilities
$440
Transportation
$135
Groceries
$632
Other
$981
Total
$3,472
What Are the Everyday Living Costs in Albany, NY in 2024?
The average monthly cost of living in Albany, NY for families is $5,010, which is 22% lower than the U.S. average ($6,392). The average monthly cost of rent for families is $1,816, while all other costs (utilities, transportation, groceries, and miscellaneous costs) amount to $3,194 per month.
Albany, NY is ranked 126th out of the 333 most populated cities in the U.S. for having the lowest cost of living for families. Therefore, it is considered as one of the cheaper cities for families in which to live in the U.S.
Cost of Living (for Family Renters / Monthly)
Rent
$1,816
Utilities
$673
Transportation
$250
Groceries
$1,155
Other
$1,115
Total
$5,009
What Salary Do You Need to Live Comfortably in Albany, NY in 2024?
Overall, on average, a gross annual salary of $59,129 is required for an average quality of life in Albany, NY.
Is the Cost of Living High in Albany, NY?
Albany, NY is ranked 112th out of the 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered one of the cheaper cities in which to live in the U.S. Albany, NY's average monthly rent is 38% lower than the U.S. average cost of rent.
Is $50,000 a Good Salary in Albany, NY in 2024?
A gross annual salary of $50,000 in Albany, NY will yield an average annual net salary of $43,106. Considering that the total average annual cost of living in Albany, NY is $43,550, a gross annual salary of $50,000 will be insufficient to cover average living costs.
How Much Should You Pay for Rent in Albany, NY?
The average monthly rent in Albany, NY in the city center is $1,106 for a 1 bedroom apartment, $1,408 for a 2 bedroom apartment and $1,803 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $1,003 for a 1 bedroom apartment, $1,202 for a 2 bedroom apartment and $1,507 for a 3 bedroom apartment.