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Inside the Capital Region

The Capital Region is located in the eastern part of mid-New York State, covering 5,199 square miles and includes the Albany, Troy, Schenectady and Saratoga areas. The region is comprised of eight counties and is known for its large and vibrant economy with a particular focus in biotech life sciences and nanotechnology.

The Capital Region possesses characteristics and a strategic location that positions it well for economic growth in high tech and knowledge-based industries. The confluence of the Hudson and Mohawk Rivers, the transportation hub formed by the intersection of two major interstate highways, excellent proximity to the markets of the northeast and an engaging quality of life all combine to endow the region with unparalleled economic development potential. The region’s human capital – a population of 1.1 million and a workforce of 568,600 is arguably its most significant asset.

Capital Region by the Numbers

Area: 5,332.97 square miles
Population (2020): 1,289,336

  • By county:

    • ​​Albany – 340,848

    • Columbia – 61,570

    • Greene – 47,931

    • Fulton – 53,324

    • Montgomery –  49,532

    • Rensselaer – 161,130

    • Saratoga – 235,509

    • Schenectady – 155,739

    • Schoharie – 29,714

    • Warren – 65,737

    • Washington –  61,302

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Average rent in Capital Region (2021)

  • 1 Bedroom: $1,203/month

  • 2 Bedroom: $1,441/month

  • 3 Bedroom: $1,784/month

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Average home sales price in Capital Region (2021)

  • Albany County: $297,623

  • Columbia County: $385,079

  • Greene County: $293,969

  • Fulton County: $193,121

  • Montgomery County: $174,880

  • Rensselaer County: $258,805

  • Saratoga County: $391,584

  • Schenectady County: $236,442

  • Schoharie County: $205,963

  • Warren County: $359,412

  • Washington County: $248,623

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Capital Region Accolades

  • Albany was named the best place to live in the state of New York by U.S. News & World Report in 2021.
    • The Capital Region also cracked the top 50 on the list of “150 Best Places to Live in the U.S.,” making it the highest-ranking city in the state.
    • Albany came in at 45th in the entire country! ​
  • In 2014, the Capital Region earned several accolades, including:
    • "America’s Best Places To Raise A Family,” Albany-Schenectady-Troy, 9th (Forbes)
    • "America’s Most Innovative Cities,” Albany, 15th (Forbes)
    • "Best Bang-for-the-Buck Cities,” Albany-Schenectady-Troy, 30th (Forbes)
    • "Best Cities for College Students,” Albany, 14th (American Institute for Economic Research)
    • "Best Cities for Job Growth Medium Cities,” Albany-Schenectady-Troy, 17th (New Geography)
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