Cost of Living: Albany, NY vs Independence, MO
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,116/mo in Albany, NY versus $4,227/mo in Independence, MO. In the model, rent is about 17.16% of gross in Albany, NY versus 15.46% in Independence, MO, so Independence, MO tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Albany, NY and Independence, MO.
At a glance
- Cheaper overall (lower cost-of-living index): Independence, MO
- Lower rent (median 1BR/2BR): Independence, MO
- Lower home prices: Independence, MO
- Higher median household income: Albany, NY
Cost of Living Index
Albany, NY: 100 (U.S. = 100) · Independence, MO: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Albany, NY: $1,119/mo (midpoint of 1BR/2BR) · Independence, MO: $1,008/mo
Median rent in Albany, NY is $111/mo higher than in Independence, MO.
Median Home Price
Albany, NY: $223,000 · Independence, MO: $166,400
Median home price in Albany, NY is $56,600 higher than in Independence, MO.
Median Household Income
Albany, NY: $59,485 · Independence, MO: $59,480
Albany, NY has a higher median household income than Independence, MO by $5.
Albany, NY overview · Independence, MO overview · Popular comparisons