Cost of LivingUpdated 2026-04-01

Albany, New York

In Albany, New York, a gallon of regular gas costs $3.98 as of 2026-04-01 — $0.08 below the national average of $4.06. The average monthly rent for all unit types is $1,611, compared to the national average of $1,900. Grocery inflation is running at 5.27% year-over-year. Since 2022, bread prices have increased significantly while egg prices have been volatile due to avian flu outbreaks. Albany's cost-of-living index of 108 puts it above the national average of 100.

Key Numbers

Gas (Regular)

$3.98

National: $4.06

206.1%since 2000
AAA Gas Prices

Avg Rent (All)

$1,611

National: $1,900

31.1%since 2000
Zillow ZORI Metro (2026-02)

Grocery Inflation

5.27%

Year-over-year

BLS/FRED CPI

Fast Food Avg

$16.52

Combo meal

3.8%YoY

Electricity

28.37¢

per kWh · ~$255/mo

63.2%vs US avg
EIA Residential

Car Insurance

$248/mo

$2,980/yr

38.6%vs national avg
Bankrate/NAIC

Median Household Income

$83,149

32.9% goes to essentials

32.9%cost burden
Census ACS 2023
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Car Insurance

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Avg rent $1,611/mo in Albany. Browse listings:

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Grocery Prices

Grocery Prices — 2000 to Present

National BLS averages · submit local prices below ↓

Eggs (dozen)

Bird flu volatility

$2.58 BLS avg

+156.4%

Milk (gallon)

$4.10 BLS avg

+44.6%

Ground Beef (lb)

$6.75 BLS avg

+354.4%

Bread (loaf)

$1.84 BLS avg

+104.0%

Chicken Breast (lb)

$2.04 BLS avg

+93.5%

Butter (lb)

$5.03 BLS avg

+20.9%

Bacon (lb)

$8.30 BLS avg

+28.9%

Cheddar Cheese (lb)

$7.20 BLS avg

+21.4%

Pasta (lb)

$2.12 BLS avg

+31.7%

Rice (5 lb)

$5.45 BLS avg

+27.0%

Coffee (12 oz)

$12.30 BLS avg

+43.0%

Orange Juice (64 oz)

Citrus shortage

$5.39 BLS avg

+38.9%

Potatoes (5 lb)

$4.56 BLS avg

+12.6%

Apples (3 lb)

$5.37 BLS avg

+14.5%

Tomatoes (lb)

$2.92 BLS avg

+25.9%

Lettuce (head)

$2.31 BLS avg

+26.9%

Cooking Oil (48 oz)

$8.20 BLS avg

+41.6%

Yogurt (32 oz)

$5.37 BLS avg

+24.0%

Cereal (family size)

$6.59 BLS avg

+30.5%

Frozen Pizza

$9.24 BLS avg

+40.2%

Dining & Restaurants

Fast Food Meal

$16.52

Casual Dining

$31.75

Monthly Spend

$489.14

+3.75% YoY

Chain Restaurant Meal Prices — 2022 vs. Today

Combo meal / typical order for one

McDonald's

2022: $10.24

$16.52

+61.3%

Wendy's

2022: $11.56

$17.84

+54.3%

Chipotle

2022: $12.39

$18.50

+49.3%

Starbucks

2022: $5.23

$7.26

+38.8%

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Looking for an Apartment in Albany?

Average 1BR: $1,321/mo · 2BR: $1,901/mo

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Local Workforce

2024 · BLS QCEW

Total Jobs

233k

Median Weekly Pay

$1,584

$82k/yr

Top Sector

Education & Health Services

Household vs Worker Pay

$83k

household median

Employment by Sector — Albany

% of local workforce · avg weekly wage · 5-year growth trend

Education & Health Services
+1.2% 5yr$1,338/wk
18.5%

~$70k/yr

Trade, Transportation & Utilities
+2.6% 5yr$1,106/wk
15.3%

~$58k/yr

Professional & Business Services
+4.7% 5yr$1,679/wk
14.2%

~$87k/yr

Leisure & Hospitality
-6.9% 5yr$592/wk
6.5%

~$31k/yr

Financial Activities
-20.8% 5yr$2,144/wk
5.6%

~$111k/yr

Source: BLS QCEW 2024 Annual · County FIPS 36001

Highest Paying Sector

Financial Activities

$2,144/wk · $111k/yr

Most Workers (lowest wage)

Leisure & Hospitality

$592/wk · $31k/yr

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