Cost of Living: Albany, GA vs Peabody, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Peabody |
|---|---|---|
| Housing Index | 75.0 | 120.0 |
| Median Home Price | $184,000 | $463,000 |
| Average Rent (2 BR Apartment) | $800 | $2300 |
| Average Rent (2 BR House) | $848 | $2400 |
Housing Comparison: Albany vs Peabody
- The median home price in Peabody is higher at $463,000, compared to $184,000 in Albany.
- Renting a two-bedroom apartment costs more in Albany at $800 than in Peabody at $2,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Peabody |
|---|---|---|
| Electricity Price | $15.53 | $28.15 |
| Natural Gas Price | $27.53 | $21.62 |
| Other Utilities | $150 | $280 |
Utilities Comparison: Albany vs Peabody
- Peabody has higher electricity costs at $28.15 per kWh, versus $15.53 in Albany.
- Natural gas is more expensive in Albany at $27.53 per unit, while it is cheaper at $21.62 in Peabody.
- Peabody has higher utility expenses, averaging $280, while Albany averages $150.