Albany, GA vs Farmington, NM: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Farmington, NM and Albany, GA are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Albany works out to about $75,000 in Farmington, before taxes.
- Housing is 3.5% higher in Farmington, goods 0.1% lower and other services 0.1% lower, which roughly cancel out.
- Typical asking rent is $1,399 a month in Farmington and $1,077 in Albany, $3,864 a year more in Farmington (Zillow, September 2026).
- A typical home is valued at about $274,000 in Farmington and $168,000 in Albany.
- The gap has narrowed since 2019, when Farmington was 9.4% more expensive than Albany.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Albany and Farmington
Price level by category, 2024. US average = 100.
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| All items | 87.7 | 87.7 |
| Goods | 96.3 | 96.1 |
| Housing (rents) | 54.6 | 56.6 |
| Utilities | 88.3 | 77.9 |
| Other services | 98.7 | 98.5 |
| Category | Albany | Farmington | Farmington vs Albany |
|---|---|---|---|
| All items | 87.7 | 87.7 | 0.0% |
| Goods | 96.3 | 96.1 | −0.1% |
| Housing (rents) | 54.6 | 56.6 | +3.5% |
| Utilities | 88.3 | 77.9 | −11.8% |
| Other services | 98.7 | 98.5 | −0.1% |
| Typical asking rent | $1,077 | $1,399 | +29.9% |
| Typical home value | $168,000 | $274,000 | +63.3% |
| Salary to match $75,000 in Albany | $75,000 | $75,000 | 0.0% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Albany and Farmington has narrowed since 2008: 8.5 points then, 0.0 now
Overall price level each year, 2008–2024. US average = 100.
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| 2008 | 86.5 | 95.0 |
| 2009 | 85.6 | 91.1 |
| 2010 | 87.3 | 91.0 |
| 2011 | 87.7 | 90.6 |
| 2012 | 87.4 | 94.8 |
| 2013 | 88.1 | 90.1 |
| 2014 | 88.5 | 94.8 |
| 2015 | 88.0 | 95.3 |
| 2016 | 89.3 | 95.0 |
| 2017 | 87.3 | 97.0 |
| 2018 | 86.5 | 92.1 |
| 2019 | 84.2 | 92.1 |
| 2020 | 83.8 | 89.1 |
| 2021 | 89.3 | 89.2 |
| 2022 | 86.1 | 88.3 |
| 2023 | 86.5 | 87.0 |
| 2024 | 87.7 | 87.7 |
Goods
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| 2008 | 96.8 | 101.9 |
| 2009 | 94.6 | 99.3 |
| 2010 | 96.6 | 98.5 |
| 2011 | 96.1 | 98.9 |
| 2012 | 95.6 | 97.5 |
| 2013 | 96.1 | 96.6 |
| 2014 | 96.0 | 97.8 |
| 2015 | 95.3 | 103.6 |
| 2016 | 96.1 | 105.0 |
| 2017 | 95.7 | 102.3 |
| 2018 | 95.6 | 96.2 |
| 2019 | 95.4 | 99.3 |
| 2020 | 95.2 | 97.0 |
| 2021 | 95.8 | 96.8 |
| 2022 | 95.0 | 97.7 |
| 2023 | 96.3 | 97.4 |
| 2024 | 96.3 | 96.1 |
Housing (rents)
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| 2008 | 50.7 | 69.7 |
| 2009 | 53.2 | 60.9 |
| 2010 | 52.9 | 63.5 |
| 2011 | 53.8 | 60.3 |
| 2012 | 52.2 | 85.7 |
| 2013 | 54.8 | 62.0 |
| 2014 | 53.8 | 78.3 |
| 2015 | 52.9 | 68.8 |
| 2016 | 54.1 | 76.8 |
| 2017 | 52.0 | 82.3 |
| 2018 | 51.3 | 77.6 |
| 2019 | 48.0 | 72.0 |
| 2020 | 50.0 | 63.9 |
| 2021 | 56.5 | 71.7 |
| 2022 | 50.4 | 67.0 |
| 2023 | 50.0 | 57.8 |
| 2024 | 54.6 | 56.6 |
Utilities
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| 2008 | 86.5 | 78.4 |
| 2009 | 86.5 | 78.1 |
| 2010 | 88.0 | 87.9 |
| 2011 | 92.6 | 91.6 |
| 2012 | 92.7 | 89.9 |
| 2013 | 92.5 | 90.7 |
| 2014 | 93.0 | 93.4 |
| 2015 | 91.7 | 90.8 |
| 2016 | 90.6 | 93.2 |
| 2017 | 89.6 | 94.5 |
| 2018 | 87.9 | 81.5 |
| 2019 | 90.0 | 80.3 |
| 2020 | 91.1 | 83.8 |
| 2021 | 89.9 | 81.9 |
| 2022 | 90.1 | 83.8 |
| 2023 | 85.6 | 78.0 |
| 2024 | 88.3 | 77.9 |
Other services
- Albany, GA
- Farmington, NM
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Albany, GA | Farmington, NM | |
|---|---|---|
| 2008 | 97.7 | 101.7 |
| 2009 | 97.0 | 99.9 |
| 2010 | 98.8 | 97.8 |
| 2011 | 99.9 | 98.1 |
| 2012 | 100.5 | 96.5 |
| 2013 | 100.0 | 98.7 |
| 2014 | 99.9 | 98.6 |
| 2015 | 100.3 | 99.0 |
| 2016 | 101.3 | 94.4 |
| 2017 | 99.4 | 98.7 |
| 2018 | 97.5 | 95.5 |
| 2019 | 95.6 | 97.3 |
| 2020 | 95.2 | 95.7 |
| 2021 | 99.4 | 91.8 |
| 2022 | 99.5 | 92.4 |
| 2023 | 98.6 | 93.8 |
| 2024 | 98.7 | 98.5 |
Rent and home values
Typical asking rent: $1,399 in Farmington vs $1,077 in Albany
Typical asking rent for a new lease, dollars per month. Quarterly.
- Albany, GA
- Farmington, NM
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Albany, GA | Farmington, NM | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | – | – | $1,170 |
| Sep 2015 | – | – | $1,181 |
| Dec 2015 | – | – | $1,182 |
| Mar 2016 | – | – | $1,195 |
| Jun 2016 | – | – | $1,219 |
| Sep 2016 | – | – | $1,225 |
| Dec 2016 | – | – | $1,222 |
| Mar 2017 | $624 | – | $1,245 |
| Jun 2017 | $630 | – | $1,270 |
| Sep 2017 | $624 | – | $1,276 |
| Dec 2017 | $632 | – | $1,275 |
| Mar 2018 | $637 | – | $1,296 |
| Jun 2018 | $637 | – | $1,320 |
| Sep 2018 | $650 | – | $1,327 |
| Dec 2018 | $657 | – | $1,329 |
| Mar 2019 | $671 | – | $1,349 |
| Jun 2019 | $671 | – | $1,376 |
| Sep 2019 | $683 | – | $1,383 |
| Dec 2019 | $698 | – | $1,381 |
| Mar 2020 | $706 | – | $1,402 |
| Jun 2020 | $725 | – | $1,406 |
| Sep 2020 | $751 | – | $1,410 |
| Dec 2020 | $742 | – | $1,407 |
| Mar 2021 | $776 | – | $1,443 |
| Jun 2021 | $818 | – | $1,512 |
| Sep 2021 | $833 | – | $1,590 |
| Dec 2021 | $874 | – | $1,622 |
| Mar 2022 | $886 | – | $1,661 |
| Jun 2022 | $924 | – | $1,721 |
| Sep 2022 | $930 | – | $1,748 |
| Dec 2022 | $923 | – | $1,735 |
| Mar 2023 | $929 | – | $1,757 |
| Jun 2023 | $957 | $1,162 | $1,785 |
| Sep 2023 | $961 | $1,209 | $1,797 |
| Dec 2023 | $988 | $1,241 | $1,786 |
| Mar 2024 | $986 | $1,231 | $1,807 |
| Jun 2024 | $1,007 | $1,240 | $1,837 |
| Sep 2024 | $1,020 | $1,267 | $1,845 |
| Dec 2024 | $1,000 | $1,280 | $1,836 |
| Mar 2025 | $1,002 | $1,323 | $1,860 |
| Jun 2025 | $1,042 | $1,316 | $1,880 |
| Sep 2025 | $1,036 | $1,344 | $1,881 |
| Dec 2025 | $1,061 | $1,357 | $1,873 |
| Mar 2026 | $1,070 | $1,387 | $1,894 |
| Jun 2026 | $1,049 | $1,378 | $1,921 |
| Sep 2026 | $1,077 | $1,399 | $1,932 |
Typical home value: $274,000 in Farmington vs $168,000 in Albany
Typical home value, dollars. Quarterly.
- Albany, GA
- Farmington, NM
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Albany, GA | Farmington, NM | United States | |
|---|---|---|---|
| Mar 2015 | $94K | $176K | $189K |
| Jun 2015 | $95K | $175K | $192K |
| Sep 2015 | $96K | $178K | $195K |
| Dec 2015 | $96K | $177K | $199K |
| Mar 2016 | $96K | $174K | $202K |
| Jun 2016 | $95K | $176K | $204K |
| Sep 2016 | $93K | $176K | $206K |
| Dec 2016 | $93K | $177K | $209K |
| Mar 2017 | $91K | $179K | $213K |
| Jun 2017 | $91K | $181K | $216K |
| Sep 2017 | $92K | $182K | $219K |
| Dec 2017 | $94K | $180K | $223K |
| Mar 2018 | $97K | $181K | $227K |
| Jun 2018 | $98K | $183K | $230K |
| Sep 2018 | $99K | $185K | $234K |
| Dec 2018 | $100K | $185K | $236K |
| Mar 2019 | $101K | $187K | $239K |
| Jun 2019 | $102K | $190K | $242K |
| Sep 2019 | $104K | $191K | $244K |
| Dec 2019 | $105K | $193K | $247K |
| Mar 2020 | $107K | $194K | $252K |
| Jun 2020 | $110K | $193K | $255K |
| Sep 2020 | $112K | $197K | $260K |
| Dec 2020 | $117K | $198K | $271K |
| Mar 2021 | $120K | $200K | $282K |
| Jun 2021 | $124K | $203K | $296K |
| Sep 2021 | $128K | $207K | $306K |
| Dec 2021 | $133K | $213K | $314K |
| Mar 2022 | $141K | $219K | $330K |
| Jun 2022 | $145K | $226K | $346K |
| Sep 2022 | $150K | $231K | $348K |
| Dec 2022 | $151K | $233K | $345K |
| Mar 2023 | $150K | $234K | $343K |
| Jun 2023 | $154K | $238K | $347K |
| Sep 2023 | $156K | $240K | $352K |
| Dec 2023 | $158K | $244K | $354K |
| Mar 2024 | $160K | $247K | $357K |
| Jun 2024 | $165K | $250K | $361K |
| Sep 2024 | $166K | $254K | $361K |
| Dec 2024 | $165K | $259K | $363K |
| Mar 2025 | $165K | $260K | $364K |
| Jun 2025 | $162K | $257K | $362K |
| Sep 2025 | $161K | $256K | $362K |
| Dec 2025 | $162K | $264K | $364K |
| Mar 2026 | $163K | $270K | $366K |
| Jun 2026 | $165K | $272K | $365K |
| Sep 2026 | $168K | $274K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.