Albany, IN vs Tell City, IN

Albany, IN and Tell City, IN have a very similar cost of living, with only a 3.7% difference in their overall index. Albany scores 60 while Tell City scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Albany is $669/month compared to $646/month in Tell City — a 4% difference. Interestingly, home values tell a different story: while Tell City has cheaper rent, Albany actually has lower median home values ($103,600 vs $121,200).

Median household income in Albany is $56,356 compared to $50,702 in Tell City (+11.2%). Albany offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albany spend roughly 14.2% of their income on rent, less than the 15.3% in Tell City.