Cost of Living: Albany, GA vs Palatine, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Palatine |
|---|---|---|
| Housing Index | 75.0 | 110.0 |
| Median Home Price | $184,000 | $316,000 |
| Average Rent (2 BR Apartment) | $800 | $1800 |
| Average Rent (2 BR House) | $848 | $1840 |
Housing Comparison: Albany vs Palatine
- The median home price in Palatine is higher at $316,000, compared to $184,000 in Albany.
- Renting a two-bedroom apartment costs more in Albany at $800 than in Palatine at $1,800.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Palatine |
|---|---|---|
| Electricity Price | $15.53 | $16.15 |
| Natural Gas Price | $27.53 | $16.59 |
| Other Utilities | $150 | $250 |
Utilities Comparison: Albany vs Palatine
- Palatine has higher electricity costs at $16.15 per kWh, versus $15.53 in Albany.
- Natural gas is more expensive in Albany at $27.53 per unit, while it is cheaper at $16.59 in Palatine.
- Palatine has higher utility expenses, averaging $250, while Albany averages $150.