Albany

Cost of Living in Albany, NY (2026): Rent, Utilities & Take-Home

$1,989 left/mo

Photo: Henry Bellagnome / Wikimedia

$3,322/mo in Albany. $1,989 left each month. Prices near the US average.

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Monthly costs

Take-home $5,311/mo.

Taxes$1,666
Rent$1,367
Other$1,955
Left$1,989

Pay and tax, per year

Gross household pay: $83,730
Federal income tax: −$9,591
Social Security and Medicare: −$6,405
State income tax (NY): −$4,000
Take-home pay: $63,734
Effective tax rate: 23.9%

Living costs, per month

Rent, 1br: $1,367
Groceries: $397
Getting around: $517
Healthcare: $446
Utilities and internet: $248
Everything else: $347
Total spending: $3,322

After tax and rent

$1,989 left/mo

Stats

Rent: $1,627; 2 bd median
Take-home: $5,311; Per month
Tax: 24%; Of pay
Prices: 1% below; US, besides rent

Average electric bill in New York

About $238 a month for a household using 900 kWh. That is the EIA residential price for New York in 2025, 26.39¢ per kWh. It is a state average, not a Albany utility bill, and the utilities line in the monthly costs above already includes a modelled power cost.

Moving from Albany

Moving from Albany to New York