Small City99,224 people

Albany, NY

Discover how far your salary goes in Albany. Compare taxes, rent, and living costs.

Cost Index
195
💰 Expensive
Population

99,224

State Tax

10.9%

1BR Rent

$2,380

/month

vs National

+70%

above avg

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Rent Prices in Albany

🏠

Studio

$1,904

/month

$22,848/year

Most Common
🛏️

1 Bedroom

$2,380

/month

$28,560/year

🏡

2 Bedroom

$3,213

/month

$38,556/year

🏘️

3 Bedroom

$4,165

/month

$49,980/year

Taxes in New York

State Income Tax

New York

10.9%

For a $100k salary, that's ~$10,900/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Albany, NY?

Albany has a cost of living index of 195, which is 95% above the national average. A 1-bedroom apartment costs around $2,380/month.

What is the state income tax in New York?

New York has a state income tax rate of approximately 10.9%. This is in addition to federal income tax.

How much is rent in Albany?

The median rent for a 1-bedroom apartment in Albany is $2,380/month. For a 2-bedroom, expect to pay around $3,213/month. This is 70% above the national average.

Is Albany a good place to live?

Albany is a small city with a population of 99,224. The cost of living is expensive, making it more expensive than average for the US.

See the complete picture for Albany

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