Albany, OR vs Gresham, OR

Albany is moderately more affordable than Gresham, with a 11.6% lower cost of living index. Albany scores 105 compared to 119 for Gresham, where the US average is 100. This difference means residents of Gresham can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albany is $1,311/month compared to $1,508/month in Gresham — a 13% difference. Home values follow the same pattern: Albany is more affordable at $352,900 median vs $440,000.

Median household income in Albany is $73,809 compared to $73,608 in Gresham (+0.3%). 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 21.3% of their income on rent, less than the 24.6% in Gresham.

Climate-wise, both cities share similar average temperatures (52.2°F vs 54.7°F). Albany receives more rainfall at 41.5" per year compared to 40.7" in Gresham.