City comparison
Albany, NY vs Palm Bay, FL
What a paycheck is really worth in each city: prices, rent and state taxes.
Key findings
- Overall prices in Albany, NY (99.6) and Palm Bay, FL (100.0, U.S. average = 100) are within 1% of each other, so $100,000 in Albany, NY goes as far as $100,400 in Palm Bay, FL.
- Typical 1-bedroom rents are close: $1,417 a month in Albany, NY and $1,478 in Palm Bay, FL.
- On $100,000, estimated state income tax is about $4,860 a year higher in Albany, NY than in Palm Bay, FL.
- For federal employees, locality pay changes a GS-13 step 1 salary by −2.4% moving from Albany, NY to Palm Bay, FL ($109,810 → $107,228), while prices change by +0.4%. Net effect of the transfer: −2.8% in real buying power.
- Albany, NY: price level 99.6 (about average)
- Palm Bay, FL: price level 100.0 (about average)
Map drawn from Census Bureau state boundaries and metro locations9,10; dot colours show BEA price levels2.
Side by side
| Albany, NY | Palm Bay, FL | |
|---|---|---|
| Price level (U.S. = 100)2 | 99.6 | 100.0 |
| $100,000 is worth, in the other city2 | $100,441 in Palm Bay | $99,561 in Albany |
| Typical 1-bedroom rent3 | $1,417/mo | $1,478/mo |
| Take-home on $100,00014,15,8 | $74,320 | $79,180 |
| State income tax on $100,000 (estimate)8 | $4,860 (NY) | $0 (FL) |
| Rent burden on $100,000 | 23% | 22% |
| Median pay, all jobs4 | $58,460 | $49,030 |
| Federal locality pay area7 | Albany-Schenectady, NY-MA | Palm Bay-Melbourne-Titusville, FL |
Rent areas: Albany-Schenectady-Troy, NY MSA and Palm Bay-Melbourne-Titusville, FL MSA. Metro areas: Albany-Schenectady-Troy, NY and Palm Bay-Melbourne-Titusville, FL.
What costs more or less
| Price level (U.S. = 100) | Albany | Palm Bay |
|---|---|---|
| Housing (rent) | 102.6 | 111.7 |
| Goods | 99.7 | 96.2 |
| Utilities | 134.0 | 88.1 |
| Other services | 97.8 | 98.9 |
| Overall | 99.6 | 100.0 |
Moving with the same $100,000 salary
Albany, NY → Palm Bay, FL
Roughly even
Buying power −0.4%; rent takes 22% of take-home; state tax −$4,860/yr.
67 Fair offer
Palm Bay, FL → Albany, NY
Roughly even
Buying power +0.4%; rent takes 23% of take-home; state tax +$4,860/yr.
70 Strong offer
On the GS pay scale?
Albany, NY is in the Albany-Schenectady, NY-MA pay area; Palm Bay, FL is in Palm Bay-Melbourne-Titusville, FL. The last column shows what a transfer from Albany, NY to Palm Bay, FL at the same grade and step does to real buying power.
| Grade5,2 | Albany, NY | Palm Bay, FL | Real change, Albany → Palm Bay |
|---|---|---|---|
| GS-9 step 1 | $63,678 | $62,181 | −2.8% |
| GS-11 step 1 | $77,045 | $75,233 | −2.8% |
| GS-12 step 1 | $92,344 | $90,173 | −2.8% |
| GS-13 step 1 | $109,810 | $107,228 | −2.8% |
| GS-14 step 1 | $129,763 | $126,711 | −2.8% |
Pay for common jobs
| Median annual pay4 | Albany, NY | Palm Bay, FL | Palm Bay pay in Albany dollars |
|---|---|---|---|
| Elementary School Teachers, Except Special Education | $79,240 | $62,510 | $62,236 (−21.5%) |
| Software Developers | $127,910 | $131,760 | $131,182 (+2.6%) |
| Accountants and Auditors | $84,660 | $75,860 | $75,527 (−10.8%) |
| Registered Nurses | $99,970 | $80,900 | $80,545 (−19.4%) |
"Not published" means BLS doesn't release an estimate for that job in that metro.