Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $29,985 | $77,987 |
| Annual taxes | $7,459 | $19,839 |
| Required annual income before taxes | $37,444 | $97,826 |
How much do you need to live comfortably in Albany NY?
Albany cost of living is 94.6
| COST OF LIVING | Albany | USA |
|---|---|---|
| Health | 99.7 | 100 |
| Housing | 79.7 | 100 |
| Median Home Cost | $238,800 | $291,700 |
| Utilities | 110 | 100 |
What is a good salary in Albany NY?
Top Salary in Albany, NY
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $147,658 | $71 |
| 75th Percentile | $97,454 | $47 |
| Average | $69,036 | $33 |
| 25th Percentile | $40,852 | $20 |
What is the living wage in Albany NY?
After seeing the effects the COVID-19 pandemic has had on the economy, the Legislature determined that $15 an hour is a more sufficient wage to support a basic standard of living rather than the State’s minimum wage of $12.50.
What is the average livable salary in New York state?
This rule simply states that to live comfortably and afford rent, one should earn at least three times the monthly rent before taxes. For example, the average cost of a one-bedroom apartment in NY is $2,068. To live comfortably, a resident would need to earn at least $82,637 a year.
What is a good salary in upstate NY?
Upstate Salary in New York
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $120,655 | $10,054 |
| 75th Percentile | $86,103 | $7,175 |
| Average | $73,811 | $6,150 |
| 25th Percentile | $42,777 | $3,564 |
Is Albany NY poor?
The poverty rate in Albany is 24.5%. One out of every 4.1 residents of Albany lives in poverty. How many people in Albany, New York live in poverty? 21,894 of 89,274 Albany residents reported income levels below the poverty line in the last year.
Is Albany cheaper than NYC?
The cost of living in Albany, NY is -36.8% lower than in New York, NY. You would have to earn a salary of $37,893 to maintain your current standard of living. Employers in Albany, NY typically pay -15.9% less than employers in New York, NY.
What is the cost of living in upstate New York?
Comparison Highlights
| Cost of Living Indexes | Albany, NY | Syracuse, NY |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 96.5 | 84.1 |
| Food & Groceries | 100.9 | 96.8 |
| Housing (Homeowner) | 79.7 | 38.1 |
| Median Home Cost | $238,800 | $148,700 |
How big is Albany vs NYC?
Albany is about 150 miles (240 km) north of New York City on the Hudson River. It has a total area of 21.8 square miles (56 km2), of which 21.4 square miles (55 km2) is land and 0.4 square miles (1.0 km2) (1.8%) is water.
Is it cheaper to live in Albany?
Albany’s housing expenses are 14% higher than the national average and the utility prices are 10% lower than the national average. Transportation expenses like bus fares and gas prices are 8% higher than the national average. Albany has grocery prices that are 8% higher than the national average.
Is Albany a good place to live?
U.S. News reported Albany has a better value for housing costs, a healthier job market, a lower unemployment rate, and a lower crime rate than the national average. Albany is also ranked 45th best place to live in the United States and 56th best place to retire.
How safe is it to live in Albany New York?
With a crime rate of 36 per one thousand residents, Albany has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 27.
What does the average 33 year old make?
Average Salary for Ages 25-34
For Americans ages 25 to 34, the median salary is $960 per week, or $49,920 per year.
What is a good starting salary in NY?
Entry Level Salary in New York City, NY
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $49,358 | $4,113 |
| 75th Percentile | $43,874 | $3,656 |
| Average | $32,790 | $2,732 |
| 25th Percentile | $26,324 | $2,193 |
What is a good income for a single person?
While what is a good salary for a single person will depend largely on where you live, the median household income in the US is $67,521. As this is often based on multiple incomes in the one household, a single person earning at least $67,521 can be considered a good salary.
What salary is considered middle class in NY?
In New York state, a two-person family would be considered middle class if the household’s income range is between $46,597 and $139,098. A three-person middle-class family’s income would range from $55,155 to $164,644, and a four-person family in the middle tier would have income between $67,252.59 to $200,754.
What percentage of New Yorkers make over 100k?
New York City has some of the country’s highest-paying jobs. Nearly 30% of New Yorkers make six-figure salaries.
What is upper class salary?
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
How white is Albany NY?
Albany Demographics
White: 55.02% Black or African American: 28.94% Asian: 6.89% Two or more races: 6.06%
What is poverty level in Albany NY?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $48,512 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $29,664 |
| Persons in poverty, percent | 22.9% |
