Cost of Living in Rensselaer, NY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
112.1
100 = national avg
+12.1 vs national average
Living Wage (1 Adult)
$49,308
per year
Living Wage (Family of 4)
$116,547
per year
Cost Index by Category
Housing131.4
Food100.5
Transportation101.0
Healthcare100.4
Utilities106.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,417
per month
2 Bedroom
$1,702
per month
The overall cost of living index in Rensselaer is 112.1, which is 12.1% above the national average. Housing costs are above the national average at an index of 131.4. A single adult needs to earn approximately $49,308 per year to cover basic expenses.