10 Cheapest Places to Live in New York You’ll Want to Move To!

8. Albany, NY – Capital City with a Lower Cost of Living

Albany, NY – Capital City with a Lower Cost of Living

Median home price: $250,000 | Average rent: $1,457

Albany, the capital of New York, is one of the best places to live if you want access to great jobs, higher education, and cultural events—all at an affordable cost. The city is home to government buildings, universities, and a booming tech industry. Visit the Empire State Plaza, walk through Washington Park, or enjoy the lively art scene. It’s one of the top cities for young professionals and families alike.

I’m passionate about helping individuals and families achieve financial freedom through smart, practical, and affordable living strategies. As the founder of EveryDollarCounts, I specialize in sharing actionable tips on budgeting, saving money, and living a more fulfilling life without breaking the bank.

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