Cost of Living in New albany, MS
Housing
The housing market plays a significant role in determining the cost of living in New albany, MS.
- Housing Index: 80.0 / 100
- Median Home Price is: $164,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1000 per month
When considering a move to New albany, MS, it's notable that the housing index stands at 80.0, indicating moderate affordability. The median home price of 164000 offers potential homeowners an appealing option compared to many urban areas. Additionally, the average rent for a 2-bedroom apartment is 1200, while a 2-bedroom house averages 1000. These rental rates suggest a balance between cost and space. Overall, New albany presents an inviting opportunity for those looking for reasonably priced housing options and a favorable quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in New albany, MS.
- Electricity Price: $13.42 USD (median by state)
- Natural Gas Price: $22.19 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in New albany, MS could entail higher utility costs. Electricity costs sit at $13.42, while natural gas is priced at $22.19 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 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 New albany is a financially viable option for your relocation.