Albany has the 571st largest population in the United States. The population grew by 4.0% from 2010 to 2015, which was faster than the national average. Unemployment in the Albany area is 5%, which is higher than the national average, and is getting better. Albany has the 359th largest local economy in the US, and a average cost of living. The average pay for jobs in Albany is below average at $40,270, and the median cost of a home in Albany is $173,800, which is the same as the national average. 23% of workers in Albany hold a bachelors degree or higher (above average), and 89% of workers have a high school degree (above average). Driving to work is especially common in Albany. 78% of Albany workers drive to work alone, 0% take public transit, 10% carpool, and 10% walk. People in Albany spend an average of 19 minutes commuting to work, which is shorter than the national average of 26 minutes.