The “wealthiest” zip codes in the region (Albany, Colonie: sales, 2013)

[ckhthankgod]

Here is a list/slideshow of the most affluent zip codes in the Capital Region: https://www.bizjournals.com/albany/n...-codes-in.html

[Yuptag]

I think these are just high income zip codes. Given the outrageous property taxes in these zip codes, confiscatory state income tax, and inflated sales tax and special sale taxes in some municipalities, it is doubtful that much wealth is being accumulated. The complaint I have heard so often in the Capital District is that someone makes so much but still feels poor. Hardly ever hear that in low tax states.

[ckhthankgod]

Originally Posted by Yuptag

I think these are just high income zip codes. Given the outrageous property taxes in these zip codes, confiscatory state income tax, and inflated sales tax and special sale taxes in some municipalities, it is doubtful that much wealth is being accumulated. The complaint I have heard so often in the Capital District is that someone makes so much but still feels poor. Hardly ever hear that in low tax states.

What municipalities in the area have that?

Also, who has stated that someone makes so much, but still feels poor? I ask because the overall cost of living in the area is about average to slightly above average in relation to the national average.

You just get hit differently in comparison as well. Think median home prices in comparison, given that housing is the bigger portion of overall cost of living and the 4th segment of this site illustrates the Housing Opportunity Index of the area in relation to others by median home sales price and median family income: https://www.nahb.org/en/research/hou...ity-index.aspx

[Yuptag]

Originally Posted by ckhthankgod

What municipalities in the area have that?

Also, who has stated that someone makes so much, but still feels poor? I ask because the overall cost of living in the area is about average to slightly above average in relation to the national average.

You just get hit differently in comparison as well. Think median home prices in comparison, given that housing is the bigger portion of overall cost of living and the 4th segment of this site illustrates the Housing Opportunity Index of the area in relation to others by median home sales price and median family income: https://www.nahb.org/en/research/hou...ity-index.aspx

I stand corrected the 8% sales in Albany, Schenectady, and Rennsselaer are just normal. Saratoga's at 7 seems less expensive.

https://www.tax.ny.gov/pdf/publicati...les/pub718.pdf

[ckhthankgod]

Here is a slideshow of Loudonville in the town of Colonie(North Colonie SD), which is one of the more affluent communities in the area: https://www.bizjournals.com/albany/n...tml#g/447664/1

12211, the zip code it is in has a median household income of $100,357 according to 2013-2017 information from American FactFinder and is #3 on the list.