Albany, NY — income, home value, property tax, and sales tax.
In ZIP code 12053, near Albany, homes carry a median value of $266,600, and the county-level effective property tax rate of 2.36% works out to roughly $6,292 a year in taxes on such a home. With median household income at $91,991, that bill equals about 6.8% of annual earnings, while per-capita income sits at $52,899. Combined with an 8.00% sales tax rate on purchases, the overall cost of living leans on earners here, though incomes are high enough that housing and taxes together remain within reach for many households.
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