Cost of Living: Albany, OR vs Belvidere, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Belvidere |
|---|---|---|
| Housing Index | 98.0 | 90.0 |
| Median Home Price | $315,000 | $212,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1440 | $1235 |
Housing Comparison: Albany vs Belvidere
- In Albany, the median home price is higher at $315,000, while in Belvidere it is $212,000.
- Renting a two-bedroom apartment costs more in Albany at $1,400 than in Belvidere at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Belvidere |
|---|---|---|
| Electricity Price | $15.12 | $16.15 |
| Natural Gas Price | $16.5 | $16.59 |
| Other Utilities | $250 | $200 |
Utilities Comparison: Albany vs Belvidere
- Belvidere has higher electricity costs at $16.15 per kWh, versus $15.12 in Albany.
- Belvidere experiences higher natural gas costs at $16.59 per unit, with costs at $16.5 in Albany.
- Other utility costs are higher in Albany at an average of $250, compared to Belvidere with $200.