Cost of Living in Albany, IL
Housing
The housing market plays a significant role in determining the cost of living in Albany, IL.
- Housing Index: Data is updating
- Median Home Price is: $120,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Considering the data provided for Albany, IL, the housing index stands at a concerning 0.0, likely indicating challenges in housing availability or market dynamics. The median home price is set at a relatively affordable 120000, appealing to first-time homebuyers seeking entry into the market. However, with no recorded average rents for 2BR apartments or houses—0.0 and 0.0 listed as zero—it's vital to investigate the rental market further. Factors such as local amenities, job opportunities, and neighborhood safety should also weigh heavily in your decision-making process.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Albany, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Albany, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Albany is a financially viable option for your relocation.