Albany, TX vs Hawley, TX

Albany, TX and Hawley, TX have a very similar cost of living, with only a 3.2% difference in their overall index. Albany scores 61 while Hawley scores 59 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 $478/month compared to $593/month in Hawley — a 19% difference. Interestingly, home values tell a different story: while Albany has cheaper rent, Hawley actually has lower median home values ($115,600 vs $162,500).

Median household income in Albany is $56,339 compared to $78,438 in Hawley (-28.2%). Hawley 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 10.2% of their income on rent, more than the 9.1% in Hawley.