A town in New York, Albany has a population of just over 98,000. Young adults (15-24) can expect to feel welcome, as they account for an above-average 24% of the community. With an average age of just over 36, the city's residents skew notably younger than most cities in New York. Most Albany residents rent, and 37% of residents own their homes. With a relatively low average rent of $944/month in the city, renting remains an affordable option, particularly compared to other cities in New York. Each month, renters in Albany will pay around $336 less compared to the state average.
Workers are spread across a wide range of industries in Albany, the most common five of which are healthcare, entertainment, public administration, education, and retail. Combined, these industries make up 33% of the labor force in the city. Meanwhile, looking at job function, many residents work in sales, as 7% of the city's population reports this as their field of work, the highest number of any field. Albany workers bring in an average annual income of around $60K, less than those elsewhere in New York. Albany's average income also falls below the national average of $73,345. Compared to the national average (7%), Albany has a high concentration of residents over the age of 25 who have advanced degrees, as 10% possess a Master's degree or a Doctoral degree. Further, 12% possess a Bachelor's degree.
Averaging about 20 minutes, the commute time for Albany residents is quicker than the New York average of about 38 minutes. Driving a vehicle is the most common mode of getting to work, chosen by 34% of commuters, while public transit is used by just 7% of the city. Walking (5%) isn't a common means of commuting to work, though the number far surpasses the national average.