Joining the Capital District? The state capital has amazing opportunities for businesses, young professionals, and growing families. As a local business in the area, we want to help you with an upcoming move. ValuSpace Personal Storage has self storage for rent and local favorites to explore. See why living in our Albany NY neighborhood is the best location in the Capital Region.
Median Home Value: $179,100
Median Household Income: $48,25
Economically, Albany is a diverse and thriving city, and its infrastructure is namely based off of three industries: State government, health care, and education. Indeed, the city is host to a number of significant government institutions responsible for large portions of the overall Albany workforce, including several influential state government departments such as the Executive Department, Department of Transportation, Department of Civil Service, and Education Department, and it is noted that nearly 25% of the city’s overall population works in government-related positions. Fittingly, the website Livability lists Albany’s largest employers as the State of New York, the United States Government, the Albany Medical Center, St. Peter’s Health Care Service, and Northeast Health. Additionally, largely due to the city’s governmental presence and wealth of surrounding educational institutions, Albany has the fourth highest amount of lawyers in its employment pool compared to the rest of the nation (an estimation of 8 lawyers per every 1,000 jobs).
Within the modern era; however, Albany’s economy has since pivoted, and the city is currently known as a substantial technology hub. Indeed, since the 2000s the economy of Albany and the surrounding Capital District has been redirected toward a high technology focus, aptly named Tech Valley. This technological climate has been fostered by Albany-area technologically focused academic institutions including Rensselaer Polytechnic Institute and the State University of New York Polytechnic Institute. Subsequently, the city has experienced significant growth in the computer hardware side of the high-technology industry, and a number of significant tech companies have settled within the area, including GlobalFoundries, a leading globally-influential computer chip manufacturing company.
Moving forward, Albany’s economy is expected to continue to thrive, a trend dictated by the city’s overall affordability and lower cost of living, as well as its established technology infrastructure that includes the surrounding universities. Are you a prospective mover considering living in Albany, NY this year? Be sure to consider the city’s thriving economy prior to planning your visit!
Culturally, Albany is a diverse and exciting city, and the city and its surrounding area is notably home to a number of prominent theaters, museums, performance arts centers, and more. Pictured above, perhaps the city’s most significant cultural venue is the New York State Museum, the oldest and largest state museum in the US. Originally established in 1836, the New York State Museum houses art, artifacts, and ecofacts that reflect New York’s cultural, natural, and geological development. Permanent collections and exhibits include the Cohoes Mastodon (the skeletal remains of a mastodon dating back to 1866), various exhibits dedicated to the surrounding Adirondack Wilderness, an American Stoneware Collection from the early 19th-century, and the Fire Engine Hall, an exhibit of historic fire fighting vehicles from the 19th and 20th centuries.
Additionally, beyond the museum’s collections and exhibits, the New York State Museum acts as a significant research institution. Indeed, the facility houses several programs, centers, and initiatives that further the geological, biological, archaeological and historical understanding of areas within and outside of New York State. Programs established include the Biodiversity Research Initiative, the Wildlife Science and Conservation Initiative, and the Laboratory for Conservation and Evolutionary Genetics, among many, many others. Overall, this center is a cultural destination that holds significant influence to Albany and its surrounding areas.
Previously mentioned, the Capital District is home to many venues for the performing arts, including the Times Union Center, the Palace Theatre, and the Saratoga Performing Arts Center (or SPAC), among others. Of the aforementioned, Albany’s SPAC is particularly noteworthy. Housed in Spa State Park in the nearby Saratoga Springs, SPAC is a large amphitheater that hosts summer performances of classical music, jazz, pop and rock, country, comedy, dance, opera, as well as a Wine & Food Festival. Previous performers and performances include The Grateful Dead, Phish, the Dave Matthews Band, and the New York City Ballet and Philharmonic Orchestra.
Are you a prospective mover considering living in Albany, NY this year? Be sure to take some time to visit some of the city’s numerous cultural attractions, including SPAC and the New York State Museum!
Overall, Albany, NY offers a varied culinary scene, and the city and its surrounding area is notably host to a number of celebrated restaurants that specialize in a variety of culinary styles. We’ve gathered a few of our area favorites below. Be sure to stop in at one of these establishments if you are ever within the Albany area this year!
Additionally, beyond the city’s restaurant scene, Albany, NY is host to a number of innovative and celebrated breweries, brew pubs, and distilleries, including:
Are you a prospective mover considering living in Albany, NY this year? Be sure to spend some time exploring the city’s culinary scene, including its numerous celebrated restaurants and breweries!
Geographically, Albany and its surrounding area is largely synonymous with the nearby Adirondack State Park, a large protected park in North Eastern NY that is known for its fall foliage viewing and forested mountains throughout. Fittingly, this area is host to a number of notable hiking trails and natural attractions, including 46 scalable high peaks measuring 4,000 feet and upwards. Additionally, visitors of this park can enjoy a variety of nature-oriented activities throughout the summer season, including fishing, boating, river rafting, and more.
During the winter these same mountain ranges provide a recreational area for a variety of winter sports, including cross country skiing, downhill skiing and snowboarding, snow tubing, and snowmobiling. Notable Albany and Adirondack area ski resorts include Willard Mountain, Maple Ski Ridge, Prospect Mountain Ski Area, Gore Mountain, and the Royal Mountain Ski Area. Of the previously mentioned, Gore Mountain is perhaps the most significant destination, and the mountain is noted as a popular winter destination to visitors across the state of New York. Indeed, Gore is the largest mountain in New York nearest to the Albany metro area, and is noted to feature more than 100 trails and 15 lifts, including a gondola lift, and a fully-operation snow train. Considering a visit this year? Visit Gore Mountain’s website for their latest ticket prices and trail conditions.
Are you a prospective mover considering living in Albany, NY this year? Be sure to take some time to explore the surrounding natural setting, including the Adirondack State Park!
As seen, Albany, NY is an exciting and attractive city, and it is notable due to its thriving economy, celebrated and diverse culinary scene, as well as its wealth of attractions, including an abundance of natural and cultural attractions. So, now that you’re considering living in Albany, NY; what are your next steps? Look no further than ValuSpace Personal Storage in Albany, NY!
Choosing a storage unit to help with your move should be close by and helpful. Here at ValuSpace Personal Storage on North Russell Road we have the storage units you want. Our indoor self storage is near downtown Albany NY and close to several of the higher education campuses around the city. Whether looking for summer storage or extra space for your upcoming move, we have you covered. Stop in today to take control of all your residential, commercial, and student storage needs in the Capital District.
About the Author: Tim is an SEO Strategist at Storage Asset Management in York, PA. He is a self-storage industry specialist who has written about everything from storage advice and helpful resources to industry trends. In his free time, Tim enjoys sampling craft beer and exploring the local music scene.