Cost of Living in Albany, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.1
100 = national avg
-28.9 vs national average
Living Wage (1 Adult)
$31,299
per year
Living Wage (Family of 4)
$73,979
per year
Cost Index by Category
Housing54.5
Food85.9
Transportation75.4
Healthcare88.7
Utilities82.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$691
per month
2 Bedroom
$888
per month
The overall cost of living index in Albany is 71.1, which is 28.9% below the national average. Housing costs are below the national average at an index of 54.5. A single adult needs to earn approximately $31,299 per year to cover basic expenses.