Albany is a city in New York state in USA with a population of 96860 residents.. The poverty rate of Albany is 22.9%, which is 64% higher than national average. The typical household in Albany earns $48512 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 4 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 51.3% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Albany, only 89% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Albany remained 6.7%, which is 43% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Albany, only 43% of adults have a bachelor's degree and 25% have some college but no degree.

Cost of living in Albany is 104, which is 4% higher than national average. Median home value in Albany is $186800 , which is 19% lower than national average. While median income in Albany remained $48512, which is 28% lower than national average.