Cost of Living: Albany, OR vs Erie, CO
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Erie |
|---|---|---|
| Housing Index | 98.0 | 120.5 |
| Median Home Price | $315,000 | $574,000 |
| Average Rent (2 BR Apartment) | $1400 | $2300 |
| Average Rent (2 BR House) | $1440 | $2400 |
Housing Comparison: Albany vs Erie
- The median home price in Erie is higher at $574,000, compared to $315,000 in Albany.
- In Erie, the rental for a two-bedroom apartment stands at $2,300, 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 | Erie |
|---|---|---|
| Electricity Price | $15.12 | $15.21 |
| Natural Gas Price | $16.5 | $11.3 |
| Other Utilities | $250 | $275 |
Utilities Comparison: Albany vs Erie
- Erie has higher electricity costs at $15.21 per kWh, versus $15.12 in Albany.
- Natural gas is more expensive in Albany at $16.5 per unit, while it is cheaper at $11.3 in Erie.
- Erie has higher utility expenses, averaging $275, while Albany averages $250.