Albany vs Fort Smith

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Salary Equivalence

A $75,000 salary in Albany has the same purchasing power as $58,333 in Fort Smith.

Conversely, $75,000 in Fort Smith equals $96,429 in Albany.

Living in Albany vs Fort Smith

Housing Costs

Albany's housing index of 93 is higher Fort Smith's 49, translating to median home prices of $220,000 vs $155,000. The $65,000 difference in home prices means roughly $4,224 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,200/mo in Albany compared to $775/mo in Fort Smith, a monthly difference of $425.

Grocery & Food Costs

Grocery expenses index at 102 in Albany and 92 in Fort Smith. A household spending the national average of $475/month on groceries would pay approximately $485/month in Albany vs $437/month in Fort Smith. Fort Smith offers a meaningful advantage on everyday food costs, saving roughly $576/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 107 in Albany and 95 in Fort Smith. Monthly utility bills average approximately $428 in Albany vs $380 in Fort Smith. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.

Healthcare

Healthcare costs index at 100 in Albany and 88 in Fort Smith. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 12-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $43,098 in Albany and $45,200 in Fort Smith. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $43,533 and $58,701 respectively. Fort Smith residents come out ahead in real purchasing power.

Relocation Considerations

Under the standard 28% rule, a median-income household can allocate $1,006/month to housing in Albany vs $1,055/month in Fort Smith. In Albany, median rent of $1,200/mo exceeds this threshold, suggesting renters may feel stretched. In Fort Smith, median rent of $775/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 44 index points — focus your budget analysis there.

Frequently Asked Questions

Moving & Relocation Resources

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