Median rent is 8% lower in Albany ($1,216/mo vs $1,327/mo). Buying is cheaper in Dearborn, where the median home runs $218,800 versus $234,700. Households earn more in Dearborn ($65,324 vs $61,986 a year). Taken together, Albany is the more affordable choice with a cost index of 98.2 against 98.2 — about 0% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Dearborn, MI.
City A
Albany, NY
City B
Dearborn, MI
How much would you need to earn in Dearborn, MI to maintain your standard of living from Albany, NY?
Equivalent salary in Dearborn, MI
$75,008
You'd need $8 more (0% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Albany
New York
Dearborn
Michigan
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Albany at $1,216/mo compared to $1,327/mo in Dearborn (8% gap). Median home values are within 7% of each other: $234,700 in Albany and $218,800 in Dearborn.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
State tax data is not yet available for these cities.
Albany
Income tax: N/A
Sales tax: N/A
Dearborn
Income tax: N/A
Sales tax: N/A
Air quality data is not yet available for these cities.
Is Albany cheaper than Dearborn?
Albany is cheaper overall, with a cost of living index of 98.2 versus 98.2 (US average = 100). That means prices run about 0% lower in Albany.
How much is rent in Albany vs Dearborn?
Median rent is $1,216/mo in Albany, NY and $1,327/mo in Dearborn, MI. Albany, NY has the lower rent by about 8%.
Which has higher salaries — Albany or Dearborn?
Median household income is $61,986 in Albany, NY and $65,324 in Dearborn, MI. Dearborn, MI has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — Albany or Dearborn?
State tax data is not yet available for one or both cities.
What salary do I need in Dearborn to match my Albany income?
To maintain the same purchasing power, a salary of $100,000 in Albany, NY is equivalent to roughly $100,010 in Dearborn, MI (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
