salaryRent is higher than in 52% of U.S. cities. A typical house costs about 4.6 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $67,400 a year. That is $32 an hour at a full-time job.
Is rent cheaper than other Oregon cities?
Yes. Rent here is cheaper than in most of Oregon. It is number 31 of 105 cities from cheapest to most expensive.
How much do households earn in Albany?
Share of households by yearly income. 25.3% of households earn $100,000 or more.
Rent by apartment size in Albany
| Size | Albany | U.S. average |
|---|---|---|
| Studio | $913 | $1,338 |
| 1 bedroom | $1,202 | $1,324 |
| 2 bedrooms | $1,394 | $1,509 |
| 3 bedrooms | $1,905 | $1,698 |
| 4 bedrooms | $1,724 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Albany overall?
Everyday prices in the Albany metro area are 2% above the U.S. average (index 102.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.
Taxes and bills in Albany
Life in Albany
What jobs pay in Albany
| Job | Median pay | Rent / pay |
|---|---|---|
| Lawyer | $162,880 | 12.4% |
| Pharmacist | $158,000 | 12.8% |
| Nurse Practitioner | $143,510 | 14.1% |
| Physician Assistant | $142,220 | 14.2% |
| Software Developer | $122,030 | 16.6% |
| Computer Systems Analyst | $112,700 | 17.9% |
| Registered Nurse | $111,920 | 18.1% |
| Dental Hygienist | $111,380 | 18.2% |
| Electrician | $100,230 | 20.2% |
| Civil Engineer | $93,280 | 21.7% |
| Operations Manager | $93,220 | 21.7% |
| Plumber | $84,620 | 23.9% |
| Accountant | $81,970 | 24.7% |
| Licensed Practical Nurse | $79,610 | 25.4% |
| Police Officer | $76,940 | 26.3% |
| Elementary School Teacher | $72,960 | 27.7% |
| Market Research Analyst | $62,440 | 32.4% |
| Firefighter | $61,060 | 33.1% |
| Truck Driver | $60,180 | 33.6% |
| HVAC Technician | $58,890 | 34.3% |
| Carpenter | $57,080 | 35.4% |
| Medical Assistant | $50,480 | 40.1% |
| Nursing Assistant | $48,550 | 41.6% |
| Server (Waiter/Waitress) | $47,440 | 42.6% |
| Warehouse Worker | $47,150 | 42.9% |
| Customer Service Representative | $45,080 | 44.9% |
| Restaurant Cook | $38,780 | 52.1% |
| Retail Salesperson | $35,990 | 56.2% |
| Cashier | $34,160 | 59.2% |
Is it cheaper to rent or buy in Albany?
Renting is cheaper right now: about $1,016 a month less.
Owning assumes a typical $389,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $38,920 for the down payment.
Frequently asked questions
What is the average rent in Albany, OR?
Renting in Albany costs a median of about $1,685 a month in 2026, including utilities. The Oregon median is $1,811.
How much do I need to make to live in Albany?
To keep rent under 30% of income, you need about $67,400 a year, or $32 an hour at a full-time job.
Is Albany cheap or expensive?
Albany is rated OK: rent takes 24.0% of the typical household income of $84,246. It ranks 31st cheapest of 105 Oregon cities we track.
How much are property taxes in Albany?
The median homeowner in Albany pays $3,973 a year in property taxes, about 1.02% of the median home value.
Is Albany more expensive than the national average?
Overall prices in the metro area are 2% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Albany?
The median home value in Albany is $389,200, about 4.6 times the typical yearly household income.
56,839 people live in Albany. Numbers are typical (middle) values.