Albany, IN Cost Of Living

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.
Index	Albany	Indiana	National
Cost of living index	73	89	100
Index	Albany	Indiana	National
Goods & Services index	81	98	100
Groceries index	93	94	100
Health care index	76	93	100
Housing index	45	72	100
Transportation index	91	96	100
Utilities index	91	94	100

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The cost of living in Albany is 17% lower than the Indiana average.
The cost of living in Albany is 27% lower than the national average.
The cost of housing in Albany is 55% lower than the national average.
Indiana general sales tax is 37% higher than the national average.
Indiana state income tax is 48% higher than the national average.

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$54,063	$4,505	$1,261	$1,622
Renters	$23,077	$1,923	$538	$692

Indiana Sales Tax

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

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.3%	3.3%

Goods & Services

Item	Albany	National avg.	Difference
Haircut	$11.07	$16.09	31.2%
Beauty Salon	$25.07	$37.33	32.8%
Toothpaste	$1.93	$2.45	21.0%
Shampoo	$0.87	$1.00	12.8%
Movie	$6.02	$10.28	41.5%
Bowling	$3.49	$4.93	29.3%

Groceries

Item	Albany	National avg.	Difference
Ground Beef	$3.52	$3.80	7.4%
Fried Chicken	$1.22	$1.40	12.6%
Milk	$1.59	$2.01	20.7%
Potatoes	$2.65	$3.01	11.8%
Pizza	$8.00	$9.89	19.1%
Beer	$8.29	$8.90	6.9%

Health Care

Item	Albany	National avg.	Difference
Optometrist	$49.75	$102.16	51.3%
Doctor	$65.15	$108.36	39.9%
Dentist	$70.01	$92.53	24.3%
Ibuprofen	$8.66	$9.28	6.7%
Lipitor	$415.83	$425.82	2.3%

Housing

Item	Albany	National avg.	Difference
Home Price	$73,000.00	$184,700.00	60.5%
Avg. Mortgage Payment	$826.93	$1,202.44	31.2%
Apartment Rent	$556.00	$949.00	41.4%

Transportation

Item	Albany	National avg.	Difference
Gasoline	$2.21	$2.24	1.6%
Tire Balancing	$35.40	$46.29	23.5%

Utilities

Item	Albany	National avg.	Difference
All Electricity	$142.37	$165.96	14.2%
Phone	$27.84	$28.68	2.9%

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, State	Population	Cost of Living Index	National Avg.
Ridgeville, IN	531	70	-30%
Redkey, IN	1,490	71	-29%
Hartford City, IN	6,110	81	-19%
Pennville, IN	794	81	-19%
Matthews, IN	660	72	-28%
Albany, IN	1,988	73	-27%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Blountsville, AL	1,988	82	-18%
Earle, AR	1,989	77	-23%
Amelia, LA	1,987	92	-8%
Jamestown, KY	1,989	80	-20%
Fisher, IL	1,989	89	-11%
Albany, IN	1,988	73	-27%

Source: The Albany, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Albany, IN Cost of Living