There are 20 independent living communities serving Albany, New York. This includes 6 communities in Albany and 14 nearby. The average daily cost of independent living in New York is around $68, with costs running between $22 and $191 per day. On a monthly basis, this equates to an average expenditure of $2,026, with costs ranging from around $669 to $5,727. The average annual cost is $24,312, which is higher than the nationwide average of $23,100.
Costs for independent living in Albany typically range between $639 per month and $3,080 per month. The median cost is $2,370 per month, or around $28,438 yearly.
Albany is the capital city of New York, located in Albany County. It is included in the Albany-Schenectady-Troy metro statistical area. Though the city itself includes 151,022 people, the surrounding area has a populace of 695,952. The 55+ community makes up around 25% of the overall population.
Albany has a good SeniorScore™ of 72. The city's median household income is $50,000 ($28,000 per capita), in comparison to an average of $62,000 for the state of New York. The median home price in Albany is $49,500, which is much less than the state average of $328,500. Albany also has an average unemployment rate of about 8.44%.
Albany has extreme average temperatures, with cold winters and calm summers. The city gets low amounts of rain each year. Compared to other cities in the US, Albany has a very high rate of crime and moderate air quality.