Cost of Living in Albany, OR
Population: 56,773 • 2026 Data
$73,809
Median Household Income
-5% vs national
$1,311
Median Monthly Rent
-3% vs national
$352,900
Median Home Value
+4% vs national
5.9%
Unemployment Rate
Housing in Albany
The median home value in Albany, OR is $352,900. Monthly rent for a typical unit averages $1,311, while total monthly housing costs (including utilities and insurance) average $1,393.
Rent-to-income ratio: 21.3%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Albany, OR is $73,809. The unemployment rate stands at 5.9%, with a labor force of 27,726 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.