Welcome to Albany, the capital city of New York State, where historic meets modern, and possibilities are endless. If you’re considering living in Albany, you’ll find a mix of perks, from enjoying a hockey game to savoring apple cider donuts to soaking in the stunning scenery. Albany boasts beautiful architecture, a charming small-town feel, and abundant outdoor activities to explore and enjoy. However, it’s essential to weigh the pros and cons before making the move. Whether you’re a student looking for apartments in Albany or a family searching for homes for sale, Redfin can help. Keep reading for a detailed list of the advantages and disadvantages of living in Albany to help you decide if it’s the right place for you.
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Quick Facts about Albany
| Median home sale price | $268,000 |
| Average monthly rent | $1,461 |
| Walk Score | 65/100 |
| Transit Score | 52/100 |
| Bike Score | 55/100 |
1. Pro: Affordable cost of living
Albany is known for its affordable cost of living, making it a great place for those looking to save money. With a median home sale price of $268,000 and an average monthly rent of $1,461, living in Albany can be budget-friendly. The city also offers a lower overall cost of living compared to other Northeastern cities, with groceries, healthcare, and transportation costs being relatively affordable.
2. Con: Snowy winters
Albany experiences an average annual snowfall of 59 inches, leading to travel disruptions and potential school and business closures during winter storms. The city’s winter temperatures can drop to around 34 degrees Fahrenheit, with January being the coldest month. While the city takes measures to handle snowfall, residents must take precautions to stay safe and warm during the winter months.
3. Pro: Access to outdoor recreational activities
Albany’s location along the Hudson River offers residents opportunities for kayaking, fishing, and boating. The city also features numerous parks and green spaces like Washington Park and the Albany Pine Bush Preserve, providing options for hiking, birdwatching, and picnicking. Outdoor enthusiasts can explore the nearby Adirondack Mountains for activities ranging from skiing and snowboarding in winter to hiking and camping in summer.
4. Con: High property taxes
Property owners in Albany County pay an average of 1.74% of their property’s assessed fair market value in property taxes, which can be relatively high compared to other areas. High property taxes can strain homeowners’ budgets, as these funds contribute to essential services like public schools and roads. Managing property tax expenses can be a challenge for some Albany residents.
5. Pro: Hockey culture
Albany has a strong hockey culture, with the Albany Devils professional ice hockey team and various local leagues providing opportunities for residents to engage with the sport. The city’s Times Union Center hosts hockey events and tournaments, attracting fans and players of all ages. Hockey enthusiasts will find plenty of ways to enjoy the sport in Albany.
6. Con: Limited transportation options
Albany’s public transportation options are somewhat limited compared to larger cities, with a bus system and train station serving the area. The city’s bus routes may not be as comprehensive or frequent as desired, while train service to other Northeastern cities can be costly. Residents living outside the urban core may find owning a car necessary for convenient transportation.
7. Pro: Proximity to major cities
Albany’s location within a few hours’ drive or train ride of Boston, New York City, and Montreal offers residents access to cultural and entertainment options in larger cities. The city’s central position also provides easy travel to popular destinations like the Adirondack Mountains, Lake George, and the Catskills for outdoor activities year-round. Albany’s connectivity via highways and airports makes it a convenient hub for travel and leisure.
8. Con: High summer humidity
Albany experiences high humidity levels during the summer months, which can make warm temperatures feel more uncomfortable. Managing humidity indoors becomes crucial to staying cool and preventing issues like mold growth. Residents should be prepared for humid conditions, especially in July and August, the hottest months of the year.
9. Pro: Beautiful seasonal changes
Albany’s blend of historic architecture and natural beauty offers residents picturesque seasonal changes. From iconic landmarks like the Empire State Plaza to the scenic Hudson River views, Albany showcases vibrant fall foliage and charming neighborhoods year-round. Exploring the city’s parks, historic sites, and cultural attractions reveals the unique charm and beauty of Albany.
10. Con: College presence
Albany’s numerous colleges bring in a significant student population, contributing to traffic congestion and noise levels in the city. With institutions like the University of Albany and Albany Medical College nearby, residents can expect a lively atmosphere with young professionals and students. While the college presence adds vibrancy to the city, it may impact daily life for some residents.
Methodology: The median home sale price and average monthly rental data is sourced from the Redfin Data Center. Walk Score, Transit Score, and Bike Score information is provided by Walk Score.