Cost of Living in Albany, OR

How far does a $70,000 salary go in Albany? Estimated income taxes on that gross salary total approximately $12,825 per year — combining federal taxes with Oregon's state income tax. Subtract rent for a 2-bedroom apartment ($1,500/month based on HUD Fair Market Rents for the Albany metro area) and the estimated annual take-home is $39,175, or roughly $3,265 per month for everything else: food, transportation, savings, and discretionary spending.

The Albany metro has a cost of living index of 108.6 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). This puts Albany modestly above the national average on everyday expenses beyond rent.

At a $70,000 salary, the estimated 2-bedroom rent in Albany represents approximately 26% of gross income. That approaches the 30% threshold commonly used to define affordability. A smaller unit or a higher salary would improve the picture.