Cost of living and prices in Albany, prices of food, rent, shopping, etc. 🇺🇸
Updated Jul 2023

Discover the cost of living in Albany, United States. This city is located in Northern America with coordinates of 42.65258 latitude and -73.75623 longitude. Its elevation is 50 meters above sea level, and it has a population of 100104 people.

Albany is a vibrant city with an affordable cost of living compared to other major metropolitan areas in the United States. The average median household income is $57,161, and the cost of living index is 104.2, which is slightly higher than the national average. Housing and transportation costs are particularly reasonable in Albany, making it an attractive location for those looking to relocate.

With its rich history, diverse cultural offerings, and scenic views of the Hudson River, Albany is a great place to live, work and visit. There are many parks, museums, and cultural institutions to explore, including the iconic Empire State Plaza and the historic New York State Capitol. Albany is also renowned for its education and healthcare systems, making it an ideal location for families and professionals.

Cost of Living Estimate in Albany

Total cost of living in Albany for two person with average consumption for one month will be 1307.94 USD, no rent price included. Click here to calculate cost-of-living estimate in Albany

You can calculate cost of living in Albany by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

If you are looking for a diverse and unique culinary experience in Albany, you will not be disappointed. From classic American diners to upscale fusion restaurants, the city of Albany has something for everyone. Head to Lark Street for an array of international cuisine, including Thai, Indian, and Italian, or visit one of the many farm-to-table eateries that feature local, seasonal ingredients. For a taste of Albany's history, you can dine in one of the old brownstones in the Center Square neighborhood, which have been converted into charming cafes and restaurants.

Albany is also known for its thriving craft beer scene and numerous breweries. Many of these breweries feature both beer and food sourced from local farms and makers, making for a truly authentic experience. Additionally, the city has plenty of food trucks and pop-up events that offer a chance to try new and creative dishes. Whether you are in the mood for a quick lunch or a multi-course culinary adventure, Albany has a wide variety of options that are sure to satisfy your appetite.

Meal in Inexpensive Restaurant
18.00 $
Meal for 2 People, Mid-range Restaurant, Three-course
72.50 $
McMeal at McDonalds or Alternative Combo Meal
8.00 $
Domestic Beer, 0.5 liter Draught
4.00 $
Imported Beer, 0.33 liter Bottle
6.00 $
Cappuccino
3.82 $
Coca-Cola, 0.33 liter Bottle
1.76 $

Markets prices

When it comes to market prices in Albany, there are a variety of factors at play. The cost of living, local demand, and market competition can all impact what consumers can expect to pay for goods and services. Additionally, fluctuations in the global economy and trade policies can also have an impact on the prices of imported products in this area. That's why it's important for individuals and businesses alike to stay on top of market trends and adjust their pricing strategies accordingly in order to remain competitive in Albany's marketplace.

Despite the various factors that can affect market prices in Albany, consumers can generally find a range of options to fit their budgets. From everyday essentials to luxury items, there are products and services available at a variety of price points. By taking advantage of sales and discounts, shopping around for the best deals, and being mindful of their own spending habits, consumers in Albany can stretch their dollars further and make the most of their budget while still enjoying all that the area has to offer.

Water, 0.33 liter Bottle
1.62 $
Milk, Regular,1 liter
0.85 $
Loaf of Fresh White Bread, 0.5 kg
2.60 $
White Rice, 1 kg
2.99 $
Eggs, 12 pack
1.72 $
Local Cheese, 1 kg
10.65 $
Chicken Breasts, Boneless and Skinless, 1 kg
7.08 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
11.33 $
Apples, 1 kg
3.72 $
Banana, 1 kg
1.51 $
Oranges, 1 kg
4.14 $
Tomato, 1 kg
5.50 $
Potato, 1 kg
2.23 $
Onion, 1 kg
2.41 $
Lettuce, 1 head
1.46 $
Water, 1.5 liter Bottle
1.51 $
Bottle of Wine, Mid-Range Price
10.50 $
Domestic Beer, 0.5 liter Bottle
1.96 $
Imported Beer, 0.33 liter Bottle
1.89 $
Pack of Cigarettes
11.00 $

Transportation prices

Travelers looking to explore Albany, New York will have plenty of transportation options to choose from. The most common mode of transport in the city is a car, and visitors can easily rent one from the airport or car rental companies in the downtown area. Public transportation is also readily available, with the Capital District Transportation Authority (CDTA) providing bus service throughout the city. These buses offer various routes and schedules that can take you around Albany with ease.

If you're looking for a more unique transportation experience, a bike is a great option to explore the city at your own pace. Albany has several biking trails and bike rental shops that provide visitors with healthy and enjoyable ways to get around. Visitors can also take advantage of the Albany Pedicab, a tricycle taxi service that carries passengers around the city. Whatever option you choose, Albany's transportation services make it easy for visitors to experience the city's rich history, vibrant culture, and beautiful sights while enjoying their travels.

One-way Ticket, Local Transport
1.50 $
Monthly Pass, Regular Price
55.00 $
Taxi Start, Normal Tariff
3.50 $
Taxi, price for 1 km, Normal Tariff
1.24 $
Taxi, price for 1 hour Waiting, Normal Tariff
30.00 $
Gasoline, 1 liter
0.66 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
23,000.00 $

Utilities Per Month prices

If you're traveling to Albany, United States, it's important to be aware of the average utilities cost in the area. On average, the cost of utilities in Albany is slightly higher than the national average. This includes costs for electricity, gas, and water. While it's not a drastic difference, it's worth keeping in mind when planning your budget for your trip. The good news is that many hotels and accommodations in the area include these costs in the price of your stay, so you may not need to worry about it too much.

One thing to note about utilities cost in Albany is that the cost of heating during the winter months can be quite high. Due to the cold climate in the area, many households rely on central heating systems to stay warm. If you're traveling during the winter, be prepared to spend a little extra on heating costs. However, there are ways to save on these costs, such as adjusting the thermostat when you're not in the room and dressing in warm layers. Overall, understanding the utilities cost in Albany can help you better plan your trip and avoid any unexpected expenses.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
151.26 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.17 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
74.40 $

Sports And Leisure prices

Albany, United States, offers a wide range of sports and leisure activities that cater to every type of traveler. Whether you're a hardcore adventure seeker or a laid-back leisure lover, Albany's got you covered. Take a stroll in the serene Washington Park, where you'll find tranquil lakes, beautiful fountains, and lush green gardens. For sports enthusiasts, head over to the Times Union Center and catch a thrilling game of basketball or ice hockey. Albany also boasts a vibrant nightlife scene, offering numerous entertainment options such as bars, clubs, and music gigs.

If you're an outdoor enthusiast, then Albany, United States, is the perfect destination for you. Discover the hidden gems of the Adirondacks Mountains, which offer endless opportunities for hiking, skiing, snowboarding, and camping. Albany is blessed with numerous parks and nature reserves such as the Albany Pine Bush Preserve, where you can indulge in bird-watching, biking, and nature walks. Fancy some beach time? Head over to the gorgeous Lake George, where you can relax on the sandy shores, or indulge in some watersports such as kayaking, paddle-boarding, and fishing. Albany's outdoor scene is perfect for travelers who want to escape the hustle and bustle of city life and get in touch with nature.

Fitness Club, Monthly Fee for 1 Adult
36.25 $
Tennis Court Rent, 1 Hour on Weekend
28.33 $

Salaries And Financing prices

Salaries in Albany vary according to the industry and the level of experience. Typically, the healthcare and education sectors pay the highest salaries, with senior positions in finance and engineering following closely behind. On the other hand, jobs in customer service and retail tend to have lower salaries. However, the cost of living in Albany is also lower compared to other major cities, making it a more affordable option for those on a budget.

When it comes to financing in Albany, there are several options available for businesses and individuals. Banks and credit unions provide a range of services such as personal and business loans, savings and checking accounts, and investment opportunities. There are also several financial advisors and institutions in the area that can provide guidance on retirement planning, investments, and tax preparation. Additionally, there are various grants and funding opportunities for startups and entrepreneurs looking to establish themselves in Albany.

Cinema ticket, 1 Seat
12.00 $
Average Monthly Net Salary, After Tax
3,557.00 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
4.16 %

Childcare prices

Childcare prices in Albany, United States, can be quite expensive. Families looking for daycare options in Albany will find that prices can vary depending on the quality of care, location and the age of the child. The price of childcare can be a major financial burden for many families, especially when it comes to schools and Kindergartens as their prices tend to be higher than other daycare providers. However, families can rest assured that the cost of childcare is often worth it as the level of care provided at these establishments is impeccable.

Albany boasts a variety of childcare options, from schools to Kindergartens. Schools offer a structured and educational environment for children aged between 5 and 18 years old. While Kindergartens provide a more relaxed and nurturing environment for children aged between 2 and 5 years old. The prices of these establishments can be high, but they offer a range of services such as meals, transportation and extracurricular programs, which often justify the cost. Families that are unable to afford these options can look into government-funded daycare programs which also provide excellent care for children at a more affordable price.

Private Preschool or Kindergarten, Monthly for 1 Child
628.00 $
International Primary School, Yearly for 1 Child
3,500.00 $

Clothing And Shoes prices

Albany, United States has a wide variety of clothing and shoe stores ranging from high-end boutiques to budget-friendly options. You are sure to find something that suits your style and budget. The downtown Albany area is scattered with fashionable local stores selling trendy and unique clothes and shoes. You can also find popular chain stores located in the Crossgates Mall, one of the largest shopping malls in the area. Whether you are in the market for casual clothing, office wear, or formal attire, Albany has an abundance of options for you to choose from.

When it comes to shoes, Albany has something for everyone. From designer heels to comfortable sneakers, you can find them all. The local shoe stores offer an extensive selection for both men and women. In addition, the Crossgates Mall has a wide range of shoe stores that offer everything from athletic shoes to boots and sandals. Whether you are looking for a statement pair of shoes or something more practical, you are sure to find the perfect pair in Albany at an affordable price.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
46.87 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
51.00 $
Pair of Running Shoes, Mid-Range Price
73.86 $
Pair of Leather Business Shoes
86.00 $

Rent Per Month prices

If you're looking for a short stay option in Albany, there are plenty of great choices available. You can pick from hotels, motels, hostels, vacation rentals, and more. Regardless of your budget, there's an option that's perfect for you. Most hotels and motels offer great amenities, like free Wi-Fi, breakfast, and complimentary parking. Meanwhile, vacation rentals offer the comforts of home, with fully equipped kitchens and living rooms. For those looking to save money, hostels are a great alternative. Whether you're traveling solo, with a group of friends, or with family, there's a short-term rental in Albany that can accomodate your needs.

If you're planning on staying in Albany for an extended period of time, short term rental options may be the way to go. These rentals offer all the amenities of a hotel, plus the added bonus of having a home away from home. Many short term rentals are fully furnished, so you can enjoy the comforts of home without having to worry about purchasing furniture or appliances. Plus, you'll have the flexibility to extend your stay or shorten it based on your needs. With a range of options available in Albany, you're sure to find the perfect short term rental for your needs and budget.

One bedroom apartment in city centre
1,185.71 $
One bedroom apartment outside of city centre
987.14 $
Three bedroom apartment in city centre
1,700.00 $
Three bedroom apartment outside of city centre
1,462.50 $

Buy Apartment prices

Albany, United States is a city located in upstate New York and is home to a variety of real estate buying options. From quaint historic homes to modern condos, there is something for everyone. Additionally, the location of Albany offers unique real estate opportunities such as properties near the Hudson River or in historic neighborhoods. Prices vary depending on the type of property, location, and current market conditions, but overall Albany offers competitive pricing compared to other cities in the northeast.

If you are looking for a more affordable real estate option in Albany, there are several neighborhoods that offer great value for the price. These areas tend to be further from the city center, but still offer easy access to amenities and transportation. On the other hand, if you are willing to invest more into your property, there are also high-end options available with top of the line finishes and features. No matter what your budget, Albany offers a diverse range of real estate options for buyers looking to make their next move.

Price per m2 to Buy Apartment in City Center
1,526.53 $
Price per m2 to Buy Apartment Outside of City Center
1,141.87 $