Pros and Cons of Living In Albany, New York. Is Albany, NY a Nice Place To Live or Retire?

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Albany, New York

Moving to Albany In New York ? Is Albany, NY a Nice Place To Live? Pros and Cons of Living in Albany, New York. Find out the best and worst about to live, raise a family or retire in Albany.

DEMOGRAPHICS

Population
96860
Unemployment
6.7%
43% NAT AVG.
Poverty
22.9%
64% NAT AVG.
Cost Of Living
104
4% NAT AVG.

ECONOMICS

Median Home Cost
$186800
19% NAT AVG.
Median Income
$48512
28% NAT AVG.
Median Rent
$992
14% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
3519
56% NAT. AVG.
106% STATE AVG.
Violent Crime
869
133% NAT. AVG.
148% STATE AVG.
Property Crime
2650
41% NAT. AVG.
95% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 4
Unemployed People
1 in 15
People Earning < $10,000
1 in 9
People Earning < $50,000
51.3%
People With Any Degree
1 in 1.9

ETHNICITY

Ethnicity Albany USA
White 49.8% 60.1%
African American 27.2% 12.2%
American Indian 0.1% 0.6%
Asian 6.9% 5.6%
Hawaiian 0% 0.2%
Multiracial 5.5% 2.8%
Hispanic 10.1% 18.2%
Other 0.4% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Albany USA
Less than $10,000 11.2% 5.8%
$10,000 to $14,999 6.3% 4.1%
$15,000 to $24,999 9.7% 8.5%
$25,000 to $34,999 10.3% 8.6%
$35,000 to $49,999 13.8% 12.0%
$50,000 to $74,999 16.8% 17.2%
$75,000 to $99,999 10.6% 12.8%
$100,000 to $149,999 12.6% 15.6%
$150,000 to $199,999 4.5% 7.1%

EDUCATION

Education Albany USA
< 9th Grade 4% 5.0%
9-12th Grade 7% 7.0%
High School or GED 21% 27.0%
Other College 16% 20.0%
Associate's Degree 9% 9%
Bachelor's Degree 21% 20.0%
Master's Degree 15% 9.0%
Professional Degree 4% 2.0%
Doctorate Degree 3% 1.0%
Albany is a city in New York state in USA with a population of 96860 residents.. The poverty rate of Albany is 22.9%, which is 64% higher than national average. The typical household in Albany earns $48512 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 51.3% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Albany remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census.

Cost of living in Albany is 104, which is 4% higher than national average. In Albany, only 43% of adults have a bachelor's degree and 25% have some college but no degree. Median home value in Albany is $186800 , which is 19% lower than national average. While median income in Albany remained $48512, which is 28% lower than national average.
Albany Scorecard

Jobs60%

Housing80%

Affordability50%

Safety40%

Amenities95%

Diversity100%

Education80%

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