Cost of Living in Albany, OR
Population 56,773 · Oregon · Data vintage 2023
(100 = US avg)
Most of Albany's cost indicators track within a reasonable band of national figures, with median household incomes near $73,809 — a more representative starting point for relocation math than the headline-expensive or headline-cheap cities on either tail.
Albany sits roughly 20 miles south of Salem — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 8% lower than Salem's $382,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Albany
The median home value in Albany is $352,900 — 16% above the national median of $305,000. Median rent runs $1,311/month, equal to than the national median of $1,314/month. The median household income of $73,809/year is 1% lower than the US median of $74,580. The local unemployment rate is 5.9%, above the national average of 4.8%. Oregon's top state income tax rate is 9.9% and the combined sales tax is 0.0%. The climate averages highs of 62.9°F and lows of 41.5°F. Overall, Albany has a cost of living index of 109 versus the US average of 100, meaning it is 9% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 47 | 51 | 55 | 60 | 67 | 73 | 82 | 82 | 77 | 64 | 52 | 46 |
| Low °F | 34 | 35 | 37 | 39 | 43 | 47 | 51 | 51 | 47 | 42 | 37 | 34 |
| Precip" | 6.24 | 5.18 | 4.58 | 3.30 | 2.09 | 1.00 | 0.27 | 0.29 | 1.29 | 3.13 | 6.12 | 7.98 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Albany, OR?
Albany has a cost index of 109 (100 = national average). It is 9% above the national average.
What is average rent in Albany, OR?
The median gross rent in Albany is $1,311 per month based on 2023 Census data.
What is the average home price in Albany?
The median home value in Albany is $352,900 according to Zillow and Census data.
What is the median income in Albany?
The median household income in Albany is $73,809 per year (2023 ACS 5-year estimates).
What is the sales tax in Albany, OR?
The combined state and local sales tax rate in Albany is 0.0%. The Oregon state income tax top rate is 9.9%.
Is Albany, OR affordable?
Albany is near the national average in terms of cost of living, with an index of 109 (100 = US average).
What is the weather like in Albany?
Albany has average high temperatures of 62.9°F and average lows of 41.5°F. Annual precipitation is 41.5". Data from NOAA 1991–2020 Climate Normals.
Albany at a Glance
- Population
- 56,773
- Median Income
- $73,809
- Home Value
- $352,900
- Median Rent
- $1,311/mo
- Unemployment
- 5.9%
- Avg High Temp
- 62.9°F
- Sales Tax
- 0.0%
Nearby Cities
Explore county-level cost of living data
Oregon Rankings
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