Overall
99.6
-0.4 below avg
Metro cost profile · 2024 BEA RPP
Albany-Schenectady-Troy, NY
Cost-of-living indicators for Albany-Schenectady-Troy, NY, from Bureau of Economic Analysis Regional Price Parities — overall, goods, services, and rents vs the U.S. average of 100.
- 99.6
- Overall RPP
- #94
- of 387 metros
- 102.6
- Rents RPP
- $100K
- $100K national buys
The verdict
Albany costs less than 24% of U.S. metros — an overall index of 99.6, 0.4% below the national average, with services the biggest swing at 134.0.
- 99.6
- overall cost index (US average = 100)
- #94
- most expensive of 387 U.S. metros
- bottom 76%
- by overall cost, nationwide
- 102.6
- rents RPP — the biggest budget swing
A $100,000 national salary carries the purchasing power of about $100,436 here; matching a $100K lifestyle takes roughly $99,566.
What the Numbers Mean for Albany
Albany ranks #94 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 99.6, Albany-Schenectady-Troy, NY is 0.4% less expensive than the national baseline of 100. The gap between Albany's most and least expensive categories — services at 134.0 versus overall at 99.6 — is what drives the household budget experience on the ground, not the single headline number.
Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $100,436 inside Albany, while a household needs roughly $99,566 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 102.6 — 2.6% above the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.
Looking at the 2008-2024 trajectory, Albany's overall index has fallen by 2.9 points, improving relative affordability. For the 2024 data year, goods are indexed at 99.7 and services at 134.0, meaning everyday spending in Albany is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.
Albany vs every U.S. metro
Where this metro sits in the national cost distribution
100 Top 24% higher than 76% of 387 US metros
Each bar is a band; taller bars hold more US metros. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Bureau of Economic Analysis — Regional Price Parities · 2024
Albany cost breakdown
BEA RPP by category — 100 = national average
- Rents
Rents
102.6 RPP
- Services
Services
134 RPP
- Overall
Overall
99.6 RPP
- Goods
Goods
99.7 RPP
What this shows Albany's gap from the national average is led by services at 134.0. Goods barely move between metros; the spread you feel is housing and services.
Goods vs. housing — where Albany's cost comes from
Metros near Albany's overall cost, plotted by their goods price (horizontal) and housing price (vertical). Same headline RPP, very different structures.
Crosshairs sit at the group median (goods 97.3, rents 105.5). Albany is more goods-led than its peers — its everyday goods cost more relative to housing. These metros sit near Albany's overall cost, yet they spread across the chart — proof that two places at the same headline RPP can have very different goods-vs-housing structures.
Price Index Summary
Goods
99.7
-0.3 below avg
Services
134.0
+34.0 above avg
Rents
102.6
+2.6 above avg
Salary Equivalent
A $100,000 salary at the national average cost of living equals:
$99,566
in Albany-Schenectady-Troy, NY purchasing power
$50,000 nationally
$49,783
$75,000 nationally
$74,675
$125,000 nationally
$124,458
$150,000 nationally
$149,349
$200,000 nationally
$199,132
Use the salary calculator for custom amounts.
RPP History (2008-2024)
The cost of living has been trending downward, decreasing by 2.9 points over this period.
| Year | Overall |
|---|---|
| 2008 | 102.4 |
| 2009 | 101.8 |
| 2010 | 99.6 |
| 2011 | 100.6 |
| 2012 | 99.5 |
| 2013 | 101.6 |
| 2014 | 99.2 |
| 2015 | 100.6 |
| 2016 | 101.1 |
| 2017 | 100.6 |
| 2018 | 99.9 |
| 2019 | 99.4 |
| 2020 | 99.0 |
| 2021 | 99.0 |
| 2022 | 96.6 |
| 2023 | 98.2 |
| 2024 | 99.6 |
Metros with Similar Cost of Living
These metros have an overall RPP closest to Albany-Schenectady-Troy, NY's index of 99.6.
Other NY Metros
What this means for Albany
How to read Albany's cost of living before a move, a job offer, or a budget.
- Budget to local prices, not headline pay — a $100K national salary spends like about $100,436 in Albany. Salary calculator
- Weigh housing heaviest: rents here index at 102.6 (2.6% above average) — the single largest swing in the RPP, while goods barely move between metros.
- Local median household income is $86,072; adjusted for Albany's price level that is about $86,447 in national-average buying power.
- Compare Albany head-to-head against a specific destination before you decide. Compare metros
RPP is BEA's annual price-level benchmark for the data year shown — not a live market quote. Pair it with current local wages and housing costs before deciding.
Compare to Other Metros
Cost of Living Guides
Cheapest Metros to Live in 2026
Official BEA data on the most affordable areas
Most Expensive Cities: 2026 Rankings
What drives high costs and how to cope
Salary Negotiation Using RPP Data
Calculate real purchasing power for negotiations
Comparing Metro Areas
Step-by-step BEA RPP comparison walkthrough
Frequently Asked Questions
What is the cost of living in Albany-Schenectady-Troy, NY? ▼
Albany-Schenectady-Troy, NY has a Regional Price Parity (RPP) index of 99.6, meaning it is 0.4% less expensive than the national average. Goods are indexed at 99.7, services at 134.0, and rents at 102.6. It ranks #94 out of 387 U.S. metro areas by overall cost.
What salary do I need in Albany-Schenectady-Troy, NY to match $100K nationally? ▼
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $99,566 in Albany-Schenectady-Troy, NY. Conversely, $100K earned in Albany-Schenectady-Troy, NY has the purchasing power of $100,436 at the national average.
How expensive is rent in Albany-Schenectady-Troy, NY? ▼
Rents in Albany-Schenectady-Troy, NY are indexed at 102.6, which is 2.6% above the national average. This is close to the U.S. average.
Is Albany-Schenectady-Troy, NY getting more expensive? ▼
From 2008 to 2024, Albany-Schenectady-Troy, NY's overall cost index changed by -2.9 points (from 102.4 to 99.6). The cost of living has been declining.
What costs the most in Albany-Schenectady-Troy, NY? ▼
The most expensive category in Albany-Schenectady-Troy, NY is services at 134.0, which is 34.0% above the national average. The most affordable category is overall at 99.6, 0.4% below average.
What metros have a similar cost of living to Albany-Schenectady-Troy, NY? ▼
Metros with the most similar overall cost index include Jacksonville, Deltona-Daytona Beach-Ormond Beach, Waterbury-Shelton. These areas have RPP values within a few points of Albany-Schenectady-Troy, NY's 99.6.
Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.
Related
Data sourced from official public datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.
Read our methodology — how this data is sourced, computed, and verified.
Federal data behind these figures
- BEA Regional Price Parities (RPP) — the cost-of-living indices shown on this page. bea.gov/data/regional-price-parities
- U.S. Census Bureau, American Community Survey (ACS) — the gross-rent observations BEA uses to build the rents component. census.gov/programs-surveys/acs
- BLS Consumer Price Index (CPI) — the price program underlying BEA's goods and services price relatives. bls.gov/cpi
- BLS Occupational Employment and Wage Statistics (OEWS) — wage reference for the labor-driven services component. bls.gov/oes
- HUD Fair Market Rents (FMR) — federal 40th-percentile rent cross-reference for the housing component. huduser.gov/datasets/fmr
