Cost of Living in Albany, NY

Albany-Schenectady-Troy, NY — prices, rents and what jobs really pay here after taxes.

Price level
99.6
U.S. average = 100 · #94 of 387
Median wage
$58,460
all jobs · $3,883/mo take-home
1-bedroom rent
$1,417
HUD fair market rent

Salary comparison calculator

What would you need to earn in Albany, NY to keep the same lifestyle — after taxes — as in another city?

Cost of living calculator

Uses BEA price levels plus 2026 federal and state taxes in each city's state.

Salary needed to keep your lifestyle
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    Prices in Albany, NY vs. the U.S. average

    CategoryIndex (U.S. = 100)Difference
    All items99.6−0.4%
    Housing102.6+2.6%
    Goods99.7−0.3%
    Utilities134.0+34.0%
    Other services97.8−2.2%

    Source: BEA Regional Price Parities, 2024.

    Rent in Albany, NY

    UnitMonthly rentIncome needed (30% rule)
    Studio$1,217$48,680/yr
    1 bedroom$1,417$56,680/yr
    2 bedrooms$1,702$68,080/yr
    3 bedrooms$2,041$81,640/yr
    4 bedrooms$2,253$90,120/yr

    HUD Fair Market Rents, FY2026, population-weighted across the metro's counties.

    Take-home pay in Albany, NY

    Paycheck in Albany, NY
    Deductions, kids & local tax

    2026 tax year. Federal brackets from IRS Rev. Proc. 2025-32.

    Your take-home pay
    $46,593
    per year · effective tax rate 20.3%
    $3,883Monthly
    $1,941Twice a month
    $1,792Every 2 weeks
    $22.40Hourly
    • Federal income tax$4,835
    • Social Security (6.2%)$3,625
    • Medicare (1.45%)$848
    • New York income tax$2,560
    • Take-home pay$46,593

    Marginal rate: 12% federal + 5.40% state

    Highest-paying jobs in Albany, NY

    JobMedian salaryTake-homeReal value*
    Physicians, All Other$239,200+$205,858$206,755
    Architectural and Engineering Manager$181,000$125,341$125,887
    Chief Executive$180,240$124,866$125,410
    Sales Manager$163,510$114,418$114,917
    Computer and Information Systems Manager$158,250$111,133$111,618
    Marketing Manager$153,580$108,217$108,689
    Financial Manager$150,590$106,350$106,813
    Industrial Production Manager$141,300$100,548$100,986
    Physician Assistant$137,850$98,394$98,822
    Pharmacist$136,720$97,688$98,114
    Nurse Practitioner$134,590$96,358$96,778
    Lawyer$131,310$94,309$94,720
    Construction Manager$130,980$94,103$94,513
    Engineers, All Other$130,810$93,997$94,407
    Software Developer$127,910$92,186$92,588
    Electrical Power-Line Installer and Repairer$127,580$91,980$92,381
    Education Administrators, Kindergarten through Secondary$125,480$90,669$91,064
    Personal Financial Advisor$124,610$90,125$90,518
    Human Resources Manager$124,540$90,081$90,474
    Administrative Services Manager$122,340$88,708$89,094

    *In U.S.-average dollars after adjusting for local prices.

    Frequently asked questions

    Is Albany, NY expensive to live in?

    According to the Bureau of Economic Analysis, overall prices in the Albany-Schenectady-Troy, NY metro area are 99.6% of the U.S. average, with housing at 102.6%. It is the #94 most expensive of 387 metro areas we track.

    What salary do you need to live in Albany, NY?

    To match the buying power of a $60,000 salary in an average-priced U.S. city you would need about $59,740 in Albany, NY (before tax differences). The median wage across all jobs here is $58,460.

    How much is rent in Albany, NY?

    HUD’s FY2026 fair market rents for Albany, NY are $1,217 for a studio, $1,417 for one bedroom, $1,702 for two bedrooms and $2,041 for three bedrooms, including utilities.

    All salaries in Albany, NY

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