Cost of Living in Albany, LA
Housing
The housing market plays a significant role in determining the cost of living in Albany, LA.
- Housing Index: Data is updating
- Median Home Price is: $162,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data for Albany, LA, the housing index is currently at 0.0, presenting a potentially favorable market. With a median home price of 162000, homeownership could be within reach for many buyers. However, it's worth noting that the average rent for a 2-bedroom apartment and house is both recorded at 0.0 and 0.0, suggesting possible limited rental options in the area. Consider comparing these figures with nearby regions and overall market trends in income and job growth to make a well-informed decision while planning your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Albany, LA.
- Electricity Price: $11.42 USD (median by state)
- Natural Gas Price: $19.48 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Albany, LA could entail higher utility costs. Electricity costs sit at $11.42, while natural gas is priced at $19.48 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.