Missoula vs Albany

Category-by-Category Breakdown

Index values shown. National average = 100. Lower is cheaper.

💰 Salary Equivalence

To maintain the same standard of living:

See exact take-home pay: Montana salaries · New York salaries

Living in Missoula vs Albany

Housing is typically the biggest factor in any cost-of-living comparison. Missoula has a housing index of 141 while Albany sits at 93 (national average = 100). The median home in Missoula costs $460,000 compared to $220,000 in Albany, a difference of $240,000. Monthly rent follows a similar pattern: $1,400 in Missoula versus $1,200 in Albany.

Groceries and everyday expenses show a narrower gap: Missoula scores 103 while Albany scores 102. Both cities are close to the national average for grocery costs.

Healthcare costs in Missoula (102) are higher than Albany (100). Both are close to the national average.

Median household income in Missoula is $49,234 compared to $43,098 in Albany. When adjusted for cost of living, income goes further in Albany.

Relocating: Missoula vs Albany

If you are considering a move between Missoula (index: 115) and Albany (index: 99), the 14% cost difference has real implications for your budget. Albany is the more affordable option, but the right choice depends on your income, career opportunities, and lifestyle priorities.

Housing budget reality: Using the 28% rule (spending no more than 28% of gross income on housing), the median household in Missoula can afford $1,149/month, while the median household in Albany can afford $1,006/month. With median homes at $460,000 in Missoula versus $220,000 in Albany, homeownership requires above-median income in the pricier market.

Renting vs buying: At $1,400/month in Missoula and $1,200/month in Albany, renters face similar costs in both cities. The rent-to-own ratio in each city determines whether renting or buying offers better value for your situation.

Income adjustment: A $75,000 salary goes further in Albany where costs are 1% below the national average. Before accepting a job in either city, use the salary equivalence data above to understand what you would need to earn to maintain your current standard of living.

Reading These Numbers: Missoula (115) vs Albany (99)

The cost of living index uses 100 as the national average. Missoula at 115 is 15% above the US average, while Albany at 99 is 1% below average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.

The overall index is a weighted average of housing (the largest component), groceries, utilities, transportation, and healthcare. Housing typically drives the biggest differences between cities. Even when two cities have similar overall indices, their category-level costs can vary significantly — one city might have expensive housing but cheap groceries, while another is the reverse. Check the category breakdown above for the full picture.

For renters: With median rents of $1,400/month in Missoula and $1,200/month in Albany, the annual rent difference is approximately $2,400. Over a 5-year period, that compounds to $12,000 in savings by choosing the more affordable city.

For homebuyers: The $240,000 difference in median home prices between Missoula and Albany translates to roughly $14,400 per month in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.

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