Linn County · Oregon · West · 57k residents
Albany, OR: economy, jobs & business costs
The site-selection read on Albany: labor costs, talent, corporate tax, energy, and business activity, with the Oregon median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,145/wk. Oregon's corporate income tax rate is 7.6%. Commercial electricity averages 10.1¢/kWh.
Compare Albany side by side
Avg. weekly wage
$1,145/wk
Corporate income tax
7.6%
Bachelor's degree or higher
29.4%
Commercial electricity
10.1¢/kWh
Economic momentum
How fast Albany's economy is moving, ranked against the US cities we track.
46/100
Steady
Ranks Albany's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $389,200 |
| Price per sq. ft. | $300 |
| Property tax rate | 0.93% |
| 1-bedroom rent | $1,134/mo |
| 2-bedroom rent | $1,315/mo |
| State & local income tax | 7.48% |
| Sales tax | 0% |
| Corporate income tax | 7.6% |
| Avg. weekly wage | $1,145/wk |
| Bachelor's degree or higher | 29.4% |
| Commercial electricity | 10.1¢/kWh |
| Businesses per 1k residents | 28.5/1k |
| Wage: Software developer | $122,030 |
| Wage: Registered nurse | $111,920 |
| Wage: General manager | $93,220 |
| Wage: Customer service | $45,080 |
| Wage: Warehouse worker | $38,970 |
| Wage: Heavy truck driver | $60,180 |
| Wage: Electrician | $100,230 |
| Wage: Retail salesperson | $35,990 |
| Cost of living index | 103 |
| Groceries index | 105 |
| Utilities | $165/mo |
| Transit pass | $100/mo |
| Gas price | $3.85/gal |
| Healthcare index | 104 |
| Childcare (per child) | $1,350/mo |
| Median household income | $78,114 |
| Unemployment rate | 4.2% |
| Population | 57k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 34/100 |
| Disaster risk | 88/100 |
| Avg. commute | 24 min |
| Sunny days / year | 160 days |
| July high | 83°F |
| January low | 34°F |
| Annual snowfall | 3 in |
| Home price YoY | +0.4% |
| Home price MoM | -0.3% |
| Rent YoY | +0.6% |
| Rent MoM | +0.5% |
| Employment (jobs) YoY | -0.4% |
| Building permits YoY | +21.7% |
| Ocean coast | 47 mi |
| Big lake | 273 mi |
| Mountains | 64 mi |
| Major airport | 36 mi |
| Ski resort | 83 mi |
Popular comparisons
Nearby
- Corvallis, OR · 60k
- Lebanon, OR · 19k
- Four Corners, OR · 16k
- Salem, OR · 179k
- Dallas, OR · 18k
Similar size
- Tigard, OR · 56k
- Aloha, OR · 52k
- Springfield, OR · 61k
- Lake Oswego, OR · 40k
- Grants Pass, OR · 39k
Real listings in Albany
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Albany a good place to run a business?
- Oregon's corporate income tax rate is 7.6%; average weekly wages in the surrounding labor market run $1,145/wk; commercial electricity averages 10.1¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Albany, OR?
- Albany indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,315/mo and a acs median home value of $389,200.
- How much does a house cost in Albany?
- The acs median home value in Albany is $389,200 (Census ACS estimate; individual listings vary).
- How much is rent in Albany?
- A two-bedroom in Albany rents for about $1,315/mo.