Albany, New York - A City With Great Heritage

The City of Albany is New York’s state capital. This city is located roughly a hundred miles away on the north from the City of New York. Based on the 2007 data provided by the United States Census Bureau, the City of Albany has a total population of 94,172.

As the capital state of New York, with its neighboring progressive cities, Albany City form part of New York’s district capital. Such is also called the metropolitan area of the region. The metropolitan city population is estimated close to eight hundred sixty thousand, ranking fourth biggest in the entire state of New York and fifty-sixth in all the metropolitan cities of the country.

The City of Albany is the hub of port and other mercantile operations in the state of New York. Vast yet sprawling real estate houses public service operations of the state. Moreover, the economy is driven by governmental affairs, since the workforce are mostly in the government sector. The City of Albany also boasts of great heritage, being one of the oldest living historical sites in the United States. This city, amidst its robust growth, still nurtures its cultural heritage. The historical landmarks during the 1800s are still preserved in this state capital. A renowned business publication has named the City of Albany as one of the top places for good business.

Long Term Care in Albany
The cost of long term care in the state of New York, excluding Mahattan, has increased by eighteen percent, according to an annual Cost of Care Survey conducted by Genworth Financial. In comparison to the nationwide increase of seventeen percent, Albany City is closely following behind. Based on the study that disclosed the increase of long term care—nursing homes, assisted living facilities, and assistance in the home—have increased in areas in New York; Albany City, being one of them, if not the highest. The cost of nursing home care in Albany rose to eighteen percent and is estimated at $129,570 per year. In comparison to the national standpoint, the national average for a private home care is $36,090. The cost of care in Albany City is greater than the national set up. In fact, a private one-bedroom unit in Albany City is twice more expensive in comparison to such a unit in areas across the nation.

Housing Market in Albany
Albany City is a progressive city. The port area as well as its trading market is in a high in comparison to other cities in the nation. 2007 census provides that the Albany City population is 94,172, out of which there are no provided estimated housing units throughout the area. As of 2000, the median year structure built was 1940, while total housing units are around 45,228. The vacancy rate in this city is at 10.1 percent while the home ownership rate is only at 37.6 percent. The median value for specific owner-occupied housing units is only at $154,900 while the median gross rent of specific renter-occupied units bats at $570. The median for housing units is higher as it was priced at $98,300 in 2000. Albany is a progressive city in the Northeast; however not without unemployment problems. Home sales have peaked in the first quarter of 2007 in Albany, making about 900 home sales in just one quarter. The recent data shows that the Albany housing market is slowly picking up to roughly 900 home sales in the second quarter of this year. The city ranks sixth on the highest total returns in any place in the entire state of New York. The city also has the highest number of located drugstores, ready to serve per one thousand people.

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