Albany cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAlbanyCaliforniaNational
Cost of living index175137100
IndexAlbanyCaliforniaNational
Goods & Services index115109100
Groceries index131118100
Health care index117111100
Housing index308189100
Transportation index129130100
Utilities index107112100
Here we can see a simple outline of the cost of living in Albany, CA. As you can see, with the average cost of living in Albany, CA being 175, that puts it 28% higher than the average of California and 75% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Albany, CA, the price of goods and services are 5% higher than the average of California as well as 15% higher than the nation's average.

Did you know?

  • The cost of living in Albany is 28% higher than the California average.
  • The cost of living in Albany is 75% higher than the national average.
  • The cost of housing in Albany is 208% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Albany, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Albany, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Albany, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$114,000$9,500$2,660$3,420
Renters$52,500$4,375$1,225$1,575
The affordability of the housing market in Albany, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Albany, CA homeowners, the median income is $114,000. This indicates that a monthly maximum of $2,660 should be spent by homeowners on all housing related costs. Renters have a median income of $52,500. This indicates that renters should have a maximum of $1,225 used for their rent related monthly costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
One thing to keep in mind when considering the cost of living in Albany, CA is the California sales tax and California income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The California sales tax rate is 7.5% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemAlbanyNational avg.Difference
Haircut $16.52$15.566.2%
Beauty Salon $68.42$36.1189.5%
Toothpaste $3.21$2.4729.7%
Shampoo $1.11$0.9614.7%
Movie $12.69$10.1325.3%
Bowling $5.75$4.7421.5%

Groceries

ItemAlbanyNational avg.Difference
Ground Beef $3.92$3.981.7%
Fried Chicken $1.51$1.417.1%
Milk $3.08$2.0649.4%
Potatoes $3.69$2.9823.7%
Pizza $11.00$9.4716.1%
Beer $9.63$8.799.5%

Health Care

ItemAlbanyNational avg.Difference
Optometrist $119.20$101.0418.0%
Doctor $129.20$107.4420.3%
Dentist $113.36$90.4225.4%
Ibuprofen $11.72$9.2826.3%
Lipitor $396.41$426.507.1%

Housing

ItemAlbanyNational avg.Difference
Home Price $639,500.00$175,700.00264.0%
Avg. Mortgage Payment $2,671.73$1,133.23135.8%
Apartment Rent $1,617.00$920.0075.8%

Transportation

ItemAlbanyNational avg.Difference
Gasoline $2.75$1.9938.0%
Tire Balancing $49.52$45.768.2%

Utilities

ItemAlbanyNational avg.Difference
All Electricity$203.40$163.8124.2%
Phone $24.33$28.3914.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Pacheco, CA4,2951088%
San Pablo, CA29,51611616%
Rollingwood, CA2,83211616%
Montalvin Manor, CA3,05511717%
North Richmond, CA3,92612121%
Albany, CA19,02017575%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brookfield, IL19,02211414%
Montrose, CO19,01898-2%
Pickerington, OH19,01499-1%
Brook Park, OH19,02794-6%
Niles, OH19,02883-17%
Albany, CA19,02017575%
Source: The Albany, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.