Cost of Living: Albany, OR vs Troy, MI
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albany | Troy |
|---|---|---|
| Housing Index | 98.0 | 115.0 |
| Median Home Price | $315,000 | $375,000 |
| Average Rent (2 BR Apartment) | $1400 | $1200 |
| Average Rent (2 BR House) | $1440 | $1280 |
Housing Comparison: Albany vs Troy
- The median home price in Troy is higher at $375,000, compared to $315,000 in Albany.
- Renting a two-bedroom apartment costs more in Albany at $1,400 than in Troy at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albany | Troy |
|---|---|---|
| Electricity Price | $15.12 | $19.88 |
| Natural Gas Price | $16.5 | $15.42 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albany vs Troy
- Troy has higher electricity costs at $19.88 per kWh, versus $15.12 in Albany.
- Natural gas is more expensive in Albany at $16.5 per unit, while it is cheaper at $15.42 in Troy.
- Utility expenses are equal in both Albany and Troy averaging $250.