$40K in Albany = $37,826 in Duluth

Your $40K salary in Albany (COL 92) has the same purchasing power as $37,826 in Duluth (COL 87). Duluth is cheaper — your money goes 5% further there.

$40K in Albany, NY
$2,498/mo take-home
Rent: $1,400/mo (56% of take-home)
Difficult
$37,826/yr in Duluth, MN
$2,268/mo take-home
Rent: $1,200/mo (53% of take-home)
Difficult

Budget breakdown — $40K in both cities

What $40K actually buys you in each city after taxes and core expenses.

Expense
Albany
$40K
Duluth
$40K (same salary)
Monthly take-home$2,498$2,398
1BR rent$1,400$1,200
Groceries$380$369
Transport$68$60
Utilities$185$165
Internet$65$62
Left after essentials$400/month$542/month
To match your Albany purchasing power in Duluth, you'd need to earn $37,826/year (5% less than $40K). At that salary, you'd have $412/mo left after essentials — vs $400/mo in Albany.

Frequently asked questions

What is $40K in Albany equivalent to in Duluth?

$40K in Albany (COL index 92) has the same purchasing power as $37,826 in Duluth (COL index 87). That's 5% less than your current salary.

If I move from Albany to Duluth keeping my $40K salary, will I be better off?

Yes. If you keep earning $40K after moving to Duluth, you'd have $142 more per month after core expenses — because Duluth is cheaper than Albany.

How is the salary equivalent calculated?

The equivalent salary is calculated by multiplying your current salary by the ratio of the two cities' overall cost of living indices: $40K × (87 ÷ 92) = $37,826. This adjusts for differences in housing, food, transport, and general cost of living.

Other salary amounts — Albany to Duluth

$50K → $47,283$60K → $56,739$75K → $70,924$80K → $75,652$100K → $94,565$120K → $113,478$150K → $141,848
$40K in Duluth → AlbanyMoving from Albany to DuluthAlbany vs Duluth — full comparisonCan I afford Albany vs Duluth on $40K?

Equivalency uses overall COL index ratio. Take-home uses simplified federal/state brackets. Zillow · BLS · Numbeo · Q1 2026 · For general guidance only