What salary do you need to live in Albany, OR?

Rent, home values and prices in Albany

Census figures put the median gross rent in the Albany, OR metro at $1,058 for a one-bedroom, $1,315 for a two-bedroom and $1,650 for a three-bedroom. Moving from one to two bedrooms adds $257 a month, and the third bedroom another $335.

The median value of owner-occupied homes in the metro is $376,400. With median household income at $76,329, a typical home costs 4.9× a typical income, close to the middle of the range across US metros.

The Regional Price Parity, BEA's index of local prices with the US at 100, is 102.1 here. Above 100 means a paycheck stretches less: $100,000 in Albany has the buying power of roughly $97,943 at national average prices.

Income needed for each grade in Albany

With a two-bedroom at the median rent, the score enters Tight at $51,000, Okay at $102,000 and Comfortable at $205,000 a year before tax. At the Comfortable line, a year of rent takes 8% of income and the median home is 1.8× income.

Royal, the top band, starts at $626,000. At that income rent is 3% of pay and the median home 0.6× income.

These lines come straight from the calculator's formula: the income is raised until the two-bedroom score crosses each cutoff, then rounded up to the next $1,000.

Albany at four common salaries

Choosing a bigger place in Albany at $75,000 trims the score from 40 to 33 without leaving Tight.

In Albany the table's top salary of $150,000 stops at Okay (56) for two bedrooms; Comfortable starts higher, at $205,000.

Where Albany falls nationally

Out of 387 metros, Albany has the 57th highest price parity and the 115th highest two-bedroom rent, which puts it in the top quarter on overall prices and near the middle on rent.

For a sense of scale, the metros just above and below it on two-bedroom rent are Columbus, OH ($1,317) and Gainesville, GA ($1,306).

Comparing Albany with Oregon

Compared with Oregon as a whole, two-bedroom rent in Albany is 14% lower ($1,315 vs. $1,523) and the median home is 21% lower ($376,400 vs. $477,600).

On statewide medians, a two-bedroom budget reaches Comfortable at $255,000 — above Albany's $205,000 line.

Looking for somewhere comparable without leaving Oregon? Medford, OR, Eugene-Springfield, OR, and Salem, OR have the closest mix of rent and overall prices.

Does the typical Albany income clear the bar?

A household at the Albany median income of $76,329 would see a two-bedroom score of 37 — Tight — with rent at 21% of income. Reaching Comfortable would take $128,671 more than the median household earns. For Oregon as a whole, the median household income of $83,011 scores 33 against statewide rents. Household income can include more than one earner, so a single salary of the same size goes less far.

These are pre-tax estimates from public statistics, not financial advice.