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.
Cost of living index8694100
Goods & Services index9397100
Groceries index10399100
Health care index10197100
Housing index5986100
Transportation index10497100
Utilities index9393100
Displayed above is a general overview of the Albany, GA cost of living index. The overall cost of living index in Albany, GA is 86, which is 8% lower than the Georgia average and 14% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Albany, GA are 4% lower than the Georgia average and 7% lower than the national average.
For Sale
For Rent

Find real estate listings

Find rental listings

How would you rate the cost of living in Albany?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Albany?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Albany is 8% lower than the Georgia average.
  • The cost of living in Albany is 14% lower than the national average.
  • The cost of housing in Albany is 41% lower than the national average.
  • Georgia general sales tax is 21% lower than the national average.
  • Georgia state income tax is 55% lower than the national average.

Compare Albany, GA Cost of living To Other Cities

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
Use the salary calculator to compare your current income in Albany, GA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Albany, GA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Albany, GA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Albany, GA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Albany, GA homeowners have a median income of $53,196. Using that number, you will come up with a maximum of $1,241 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $23,972, which means there is a maximum of $559 to be spent on the costs of renting a home or apartment.

Georgia Sales Tax

StateGeneral Sales TaxWith Max Surtax

Georgia Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Albany, GA, the Georgia income tax and the Georgia sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Georgia maximum surtax is 8%, and the Georgia sales tax is 4%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 6% in Georgia.

Goods & Services

ItemAlbanyNational avg.Difference
Haircut $14.33$17.4918.0%
Beauty Salon $28.00$38.1726.6%
Toothpaste $2.38$2.322.4%
Shampoo $0.91$1.019.7%
Movie $11.32$10.725.5%
Bowling $4.25$13.8669.3%


ItemAlbanyNational avg.Difference
Ground Beef $4.24$3.908.7%
Fried Chicken $1.46$1.404.6%
Milk $2.25$1.9614.8%
Potatoes $2.96$3.187.1%
Pizza $9.32$10.3910.3%
Beer $8.97$9.232.8%

Health Care

ItemAlbanyNational avg.Difference
Optometrist $105.00$106.341.3%
Doctor $92.50$115.2519.7%
Dentist $105.00$98.386.7%
Ibuprofen $9.37$9.261.2%
Lipitor $423.63$466.479.2%


ItemAlbanyNational avg.Difference
Home Price $99,600.00$184,700.0046.1%
Avg. Mortgage Payment $905.78$1,273.3228.9%
Apartment Rent $687.00$949.0027.6%


ItemAlbanyNational avg.Difference
Gasoline $2.14$2.5917.4%
Tire Balancing $56.62$48.9015.8%


ItemAlbanyNational avg.Difference
All Electricity$164.26$167.602.0%
Phone $24.78$163.4284.8%
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.
Baconton, GA82084-16%
Sasser, GA31084-16%
Putney, GA2,35085-15%
Leesburg, GA2,98989-11%
Albany, GA75,65786-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Auburn, WA75,60712828%
Arlington Heights, IL75,72112323%
Evanston, IL75,47212828%
Upland, CA75,85114040%
Kalamazoo, MI75,88580-20%
Albany, GA75,65786-14%
Source: The Albany, GA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
Are you looking to buy or sell?
What style of home are you
What is your
When are you looking to
ASAP1-3 mos.3-6 mos.6-9 mos.1 yr+
Connect with top real estate agents
By submitting this form, you consent to receive text messages, emails, and/or calls (may be recorded; and may be direct, autodialed or use pre-recorded/artificial voices even if on the Do Not Call list) from AreaVibes or our partner real estate professionals and their network of service providers, about your inquiry or the home purchase/rental process. Messaging and/or data rates may apply. Consent is not a requirement or condition to receive real estate services. You hereby further confirm that checking this box creates an electronic signature with the same effect as a handwritten signature.