Cost of Living in Albany, KY
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.7
100 = national avg
-32.3 vs national average
Living Wage (1 Adult)
$29,772
per year
Living Wage (Family of 4)
$70,371
per year
Cost Index by Category
Housing58.8
Food80.8
Transportation61.6
Healthcare84.6
Utilities80.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$660
per month
2 Bedroom
$866
per month
The overall cost of living index in Albany is 67.7, which is 32.3% below the national average. Housing costs are below the national average at an index of 58.8. A single adult needs to earn approximately $29,772 per year to cover basic expenses.