diff --git a/src/material/form-field/_mdc-text-field-structure.scss b/src/material/form-field/_mdc-text-field-structure.scss
index e84c27a5a683..b940f16342e0 100644
--- a/src/material/form-field/_mdc-text-field-structure.scss
+++ b/src/material/form-field/_mdc-text-field-structure.scss
@@ -193,6 +193,11 @@ $fallbacks: m3-form-field.get-tokens();
       display: inline-block;
       position: relative;
       max-width: 100%;
+      vertical-align: top;
+    }
+
+    .mdc-notched-outline:not(.mdc-notched-outline--notched) & {
+      margin-top: calc(-1 * var(--mat-mdc-form-field-outline-width, 1px));
     }
 
     .mdc-text-field--outlined & {
@@ -373,9 +378,11 @@ $fallbacks: m3-form-field.get-tokens();
     border: none;
     border-top: 1px solid;
     border-bottom: 1px solid;
+    --mat-mdc-form-field-outline-width: 1px;
 
     .mdc-text-field--focused & {
       border-width: 2px;
+      --mat-mdc-form-field-outline-width: 2px;
     }
 
     // Moved out into variables because the selectors we inherited were too long.
@@ -385,6 +392,8 @@ $fallbacks: m3-form-field.get-tokens();
     #{$enabled-selector} & {
       border-color: token-utils.slot(form-field-outlined-outline-color, $fallbacks);
       border-width: token-utils.slot(form-field-outlined-outline-width, $fallbacks);
+      --mat-mdc-form-field-outline-width: #{token-utils.slot(
+          form-field-outlined-outline-width, $fallbacks)};
     }
 
     #{$enabled-selector}#{$hover-selector} & {
@@ -413,6 +422,8 @@ $fallbacks: m3-form-field.get-tokens();
 
     #{$enabled-selector}.mdc-text-field--focused .mdc-notched-outline & {
       border-width: token-utils.slot(form-field-outlined-focus-outline-width, $fallbacks);
+      --mat-mdc-form-field-outline-width: #{token-utils.slot(
+          form-field-outlined-focus-outline-width, $fallbacks)};
     }
   }
 
diff --git a/src/material/input/input.spec.ts b/src/material/input/input.spec.ts
index f7bf11ae5ab9..03c79a2321a6 100644
--- a/src/material/input/input.spec.ts
+++ b/src/material/input/input.spec.ts
@@ -1719,6 +1719,48 @@ describe('MatFormField without label', () => {
   });
 });
 
+describe('MatFormField label alignment', () => {
+  let fixture: ComponentFixture<MatInputWithAppearance>;
+  let formField: HTMLElement;
+  let wrapper: HTMLElement;
+  let label: HTMLElement;
+
+  /** Distance between the center of the resting label and the center of the form field. */
+  function getLabelOffsetFromCenter(): number {
+    const wrapperRect = wrapper.getBoundingClientRect();
+    const labelRect = label.getBoundingClientRect();
+    return labelRect.top + labelRect.height / 2 - (wrapperRect.top + wrapperRect.height / 2);
+  }
+
+  beforeEach(() => {
+    fixture = TestBed.createComponent(MatInputWithAppearance);
+    fixture.componentInstance.appearance = 'outline';
+    fixture.detectChanges();
+
+    formField = fixture.nativeElement.querySelector('.mat-mdc-form-field');
+    wrapper = fixture.nativeElement.querySelector('.mat-mdc-text-field-wrapper');
+    label = fixture.nativeElement.querySelector('.mat-mdc-floating-label');
+  });
+
+  it('should center the resting label irrespective of the outline width', () => {
+    expect(Math.abs(getLabelOffsetFromCenter())).toBeLessThan(1);
+
+    formField.style.setProperty('--mat-form-field-outlined-outline-width', '8px');
+
+    // Sanity check that the token is actually being applied so that the assertion below
+    // can't pass because the form field styles aren't loaded.
+    const notch = fixture.nativeElement.querySelector('.mdc-notched-outline__notch');
+    expect(getComputedStyle(notch).borderTopWidth).toBe('8px');
+    expect(Math.abs(getLabelOffsetFromCenter())).toBeLessThan(1);
+  });
+
+  it('should center the resting label irrespective of the label font size', () => {
+    formField.style.setProperty('--mat-form-field-outlined-label-text-size', '10px');
+    expect(getComputedStyle(label).fontSize).toBe('10px');
+    expect(Math.abs(getLabelOffsetFromCenter())).toBeLessThan(1);
+  });
+});
+
 @Component({
   template: `
     <mat-form-field [floatLabel]="floatLabel">