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Metropolitan Statistical Area

Cost of living in the Albany Metro Area

5 counties across NY. Population: 902,372.

Avg. 1-bed rent
$1,230/mo
Avg. household income
$86,623/yr
Avg. home value
$271,198
Avg. monthly cost
$3,547/mo

Last updated May 22, 2026

Rent in the Albany Metro Area

Average rent across the Albany-Schenectady-Troy metro area, weighted by county population.

Studio
$1,074
per month
1 bedroom
$1,230
per month
2 bedroom
$1,487
per month
3 bedroom
$1,792
per month
4 bedroom
$1,971
per month

Source: HUD FMR + ACS (population-weighted metro average)

Income and earnings in the Albany Metro Area

Earnings data averaged across all 5 counties.

Household income
$86,623
per year
Individual earnings
$50,263
per year
Per capita
$47,155
per year

Source: ACS (population-weighted metro average)

Home values in the Albany Metro Area

Average home values and annual property tax across the metro.

Average home value
$271,198
Average annual property tax
$5,163

Source: ACS (population-weighted metro average)

Energy costs in the Albany Metro Area

Residential electricity and natural gas estimates.

Monthly electricity
$140
per month
Monthly gas
$68
per month
Annual total
$2,496
per year

Source: EIA (state averages applied per county, weighted)

All 5 counties in the Albany Metro Area

The Albany-Schenectady-Troy metro area includes 5 counties. Sorted by population.

Compare counties in the Albany Metro Area

Put two counties side by side to see how rent, taxes and everyday costs stack up across the metro.

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Frequently asked questions about the Albany Metro Area

Common questions about cost of living in the metro area.

What is the cost of living in the Albany Metro Area?

The estimated average cost of living in the Albany-Schenectady-Troy metro area is approximately $3,547 per month for a single person. This is a population-weighted average across the 5 counties that make up the metro area.

What is the average rent in the Albany Metro Area?

The average one-bedroom rent across the Albany-Schenectady-Troy metro area is $1,230 per month, based on HUD Fair Market Rent data weighted by county population.

What is the cheapest county in the Albany Metro Area?

Schoharie County, NY is the most affordable county in the Albany-Schenectady-Troy metro area at approximately $3,357 per month for a single person.

What is the most expensive county in the Albany Metro Area?

Saratoga County, NY is the most expensive county in the Albany-Schenectady-Troy metro area at approximately $3,703 per month for a single person.

How many counties are in the Albany Metro Area?

The Albany-Schenectady-Troy metro area covers 5 counties. The five largest by population are Albany County, Saratoga County, Rensselaer County, Schenectady County, Schoharie County.

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About this data

All figures come from official U.S. government sources. Metro-area averages are population-weighted across constituent counties using Census ACS population estimates.