Albany, WI vs Fairwater, WI

Albany, WI and Fairwater, WI have a very similar cost of living, with only a 4.1% difference in their overall index. Albany scores 73 while Fairwater scores 77 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 $864/month compared to $1,100/month in Fairwater — a 22% difference. Interestingly, home values tell a different story: while Albany has cheaper rent, Fairwater actually has lower median home values ($130,200 vs $166,800).

Median household income in Albany is $71,875 compared to $81,667 in Fairwater (-12%). While Fairwater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albany spend roughly 14.4% of their income on rent, less than the 16.2% in Fairwater.