Cost of Living in Albany, IN

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19%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
50%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Albany Indiana National
Cost of living8189100
Groceries9697100
Health care9797100
Housing5072100
Transportation9496100
Utilities9396100
Lifestyle & Entertainment9295100
Household Items9898100
Education & Childcare9194100
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Homes For Sale In Albany, IN

property for sale

200 N Delaware St

Albany, IN
property for sale

775 E Case Blvd

Albany, IN
property for sale

13500 N Summerhill Dr

Albany, IN
property for sale

10810 N State Road 67

Albany, IN

Cost Of Living Quick Facts

  • The cost of living in Albany is 9% lower than the Indiana average
  • The cost of living in Albany is 19% lower than the national average
  • Albany housing is 50% lower than the national average
  • Indiana general sales tax is 37% higher than the national average
  • Indiana state income tax is 21% higher than the national average

Most Affordable Places to Live in and Around Albany

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Compare Albany, IN Cost of Living

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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$72,993$6,083$1,703$2,190
      Renters$38,930$3,244$908$1,168

      Indiana Sales Tax

      State General Sales Tax With Max Surtax
      Indiana 7% 7%

      Indiana Income Tax

      State Income Tax (Low) Income Tax (High)
      Indiana 3.15% 3.15%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ridgeville, IN5677722.8%
      Redkey, IN1,5467921.1%
      Hartford City, IN5,9287921.0%
      Dunkirk, IN1,9648020.5%
      Pennville, IN8878020.1%
      Albany, IN2,4268118.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Effort, PA2,426982.4%
      Quanah, TX2,4267821.7%
      Sainte-Victoire-de-Sorel, QC2,426n/a 
      Leipsic, OH2,4248713.4%
      Port McNeill, BC2,424n/a 
      Albany, IN2,4268118.7%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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