Cost of Living: Albany, OR vs Chanhassen, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Chanhassen |
|---|---|---|
| Housing Index | 98.0 | 120.0 |
| Median Home Price | $315,000 | $481,500 |
| Average Rent (2 BR Apartment) | $1400 | $1800 |
| Average Rent (2 BR House) | $1440 | $1856 |
Housing Comparison: Albany vs Chanhassen
- The median home price in Chanhassen is higher at $481,500, compared to $315,000 in Albany.
- In Chanhassen, the rental for a two-bedroom apartment stands at $1,800, while it is $1,400 in Albany.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Chanhassen |
|---|---|---|
| Electricity Price | $15.12 | $16.38 |
| Natural Gas Price | $16.5 | $14.87 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albany vs Chanhassen
- Chanhassen has higher electricity costs at $16.38 per kWh, versus $15.12 in Albany.
- Natural gas is more expensive in Albany at $16.5 per unit, while it is cheaper at $14.87 in Chanhassen.
- Utility expenses are equal in both Albany and Chanhassen averaging $250.