Cost of living in Albany

In Albany, Australia, a family of four typically needs around $4524 per month including rent. A single person may spend about $2000 monthly.

How expensive is Albany compared to other cities?

Compared to the European benchmark, Albany is 81% more expensive overall.

How does Albany compare to your city?

Albany is 47% cheaper than New York City, without rent.

Rent in Albany is, on average, 53% lower than in New York City.

What drives the cost of living in Albany?

Who is Albany a good fit for?

Albany tends to fit higher-income residents who can comfortably absorb housing costs. It can be challenging on a moderate budget, mainly due to rent and utilities.

FAQ

Why is Albany so expensive?

The primary driver of Albany's high cost of living is the significant expense of rent and utilities, which impacts overall affordability.

Is food expensive in Albany?

Yes, food costs in Albany are 46% higher than the European benchmark, making it a notable expense for residents.

Is public transport affordable in Albany?

Public transport in Albany is 23% higher than the European benchmark, which may affect daily commuting costs.

Cost of living breakdown

Cost of Living, one person, including rent
2000 $
Without Rent
762 $
Rent & Utilities
1238 $
Food
545 $
Transport
75 $
Monthly Salary, after tax
2304 $
GDP per Capita
64,712 $
Freedom Index
8.52
Lifespan
83 years
Speak English
93%
Population
31.1K

Do you live in Albany? Help us.

Update Prices

Restaurants

Lunch menu, inexpensive restaurant 15.6 $
Dinner 83.9 $
Fast food, McDonalds or KFC 8.31 $
Beer, 0.5 L or 16 fl oz 8 $
Capuccino 4.15 $
Coke, 330ml 2.42 $

Compare Albany with:

Markets

Milk, 1 L or 1 qt 1.36 $
Bread, 0.5 kg or 1 lb 1.53 $
Rice, 1 kg or 2 lb 1.8 $
Eggs, 12 pack 4.15 $
Cheese, 1 kg or 2 lb 9.83 $
Chicken Breast, 1 kg or 2 lb 8.8 $
Round Steak, 1 kg or 2 lb 14 $
Apples, 1 kg or 2 lb 3.41 $
Banana, 1 kg or 2 lb 2.73 $
Oranges, 1 kg or 2 lb 3.19 $
Tomato, 1 kg or 2 lb 4.14 $
Potato, 1 kg or 2.2 lb 2.79 $
Onion, 1 kg or 2.2 lb 1.72 $
Water, 1 L or 1 qt 1.01 $
Coca-Cola / Pepsi, 2 L or 67.6 fl oz 3.12 $
Wine, 750 mL bottle 14.8 $
Beer, 0.5 L or 16 fl oz 4.62 $
Cigarette pack 22.3 $

Transportation

One-way Ticket 3.17 $
Monthly Pass 76.6 $
Gas or Petrol, 1l or 0.26 gal 1.32 $
Taxi, 8 km 23.3 $

Personal Care

Doctor Visit, private clinic 56.3 $
Cold medicine, for 1 week 6.51 $
Hair Shampoo, 400 ml or 12 oz. 5.57 $
Toilet paper, 4 rolls 3.04 $
Toothpaste, 1 tube 2.91 $

Utilities per Month

1 person, electricity, heating, water & garbage 61 $
Family of 4, electricity, heating, water & garbage 94 $
Internet plan, +60 Mbps 38 $

Rent per Month

1 Bedroom Apartment, outside of center, 40 sq.m 1,107 $
3 Bedroom Apartment, outside of center, 85 sq.m 1,673 $
1 Bedroom Apartment, in city center, 40 sq.m 1,267 $
3 Bedroom Apartment, in city center, 85 sq.m 1,972 $

Buy Apartment Price

Price per Square Meter to Buy Apartment, in city center 5,302 $
Price per Square Meter to Buy House, in suburbs 3,73 $

Salaries and Financing

Average Monthly Net Salary, after tax 2,304 $
Mortgage Interest Rate, for 20 years fixed-rate 6.40%

Sports and Leisure

Fitness Club, Monthly Fee for 1 Adult 41 $
Cinema, 1 seat 15.7 $
Haircut 20 $

Clothing and Shoes

Brand Sneakers, mid-range, Nike or similar 105 $
Brand Jeans, Levis 501 77.7 $

Childcare

Preschool, full day, monthly for 1 child 1,866 $
International Primary School, yearly for 1 child 14,826 $

Compare Albany with other top cities

Australia
Albany vs Melbourne (Melbourne is 20% more expensive) Albany vs Sydney (Sydney is 40% more expensive) Albany vs Brisbane (Brisbane is 25% more expensive) Albany vs Perth (Perth is 17% more expensive) Albany vs Adelaide (Adelaide is 12% more expensive) Albany vs Gold Coast (Gold Coast is 15% more expensive) Albany vs Canberra (Canberra is 20% more expensive) Albany vs Sunshine Coast (Sunshine Coast is 13% less expensive) Albany vs Wollongong (Wollongong is 23% less expensive) Albany vs Ipswich (Ipswich is 6% less expensive)
New Zealand
Albany vs Auckland (Auckland is 10% more expensive) Albany vs Christchurch (Christchurch is 1% less expensive) Albany vs Manukau (Manukau is 3% less expensive) Albany vs Wellington (Wellington is 12% more expensive) Albany vs Hamilton (Hamilton is 16% less expensive) Albany vs Tauranga (Tauranga is 10% less expensive) Albany vs Dunedin (Dunedin is 27% less expensive) Albany vs Lower Hutt (Lower Hutt is 7% less expensive) Albany vs Palmerston North (Palmerston North is 34% less expensive) Albany vs Napier (Napier is 30% less expensive)
Marshall Islands
Albany vs Majuro (Majuro is 24% less expensive) Albany vs Djarrit (Djarrit is 24% less expensive)
Solomon Islands
Albany vs Honiara (Honiara is 27% less expensive) Albany vs Auki (Auki is 27% less expensive)
Palau
Albany vs Melekeok (Melekeok is 42% less expensive) Albany vs Ngerulmud (Ngerulmud is 42% less expensive)
Tonga
Albany vs Nukualofa (Nukualofa is 52% less expensive) Albany vs Mua (Mua is 52% less expensive)
Fiji
Albany vs Suva (Suva is 54% less expensive) Albany vs Nasinu (Nasinu is 55% less expensive) Albany vs Nadi (Nadi is 55% less expensive) Albany vs Lautoka (Lautoka is 70% less expensive)
Samoa
Albany vs Manase (Manase is 67% less expensive) Albany vs Apia (Apia is 67% less expensive)
Nauru
Albany vs Yaren (Yaren is 69% less expensive)
Tuvalu
Albany vs Funafuti (Funafuti is 70% less expensive) Albany vs Vaiaku (Vaiaku is 70% less expensive)
Papua New Guinea
Albany vs Port Moresby (Port Moresby is 72% less expensive) Albany vs Lae (Lae is 73% less expensive)
Kiribati
Albany vs South Tarawa (South Tarawa is 74% less expensive) Albany vs London (London is 74% less expensive)