Cost of Living: Albert lea, MN vs Schenectady, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albert lea | Schenectady |
|---|---|---|
| Housing Index | 90.0 | 115.0 |
| Median Home Price | $225,000 | $247,000 |
| Average Rent (2 BR Apartment) | $1050 | $1600 |
| Average Rent (2 BR House) | $1200 | $1650 |
Housing Comparison: Albert lea vs Schenectady
- The median home price in Schenectady is higher at $247,000, compared to $225,000 in Albert lea.
- In Schenectady, the rental for a two-bedroom apartment stands at $1,600, while it is $1,050 in Albert lea.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albert lea | Schenectady |
|---|---|---|
| Electricity Price | $16.38 | $26.08 |
| Natural Gas Price | $14.87 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albert lea vs Schenectady
- Schenectady has higher electricity costs at $26.08 per kWh, versus $16.38 in Albert lea.
- Schenectady experiences higher natural gas costs at $18.13 per unit, with costs at $14.87 in Albert lea.
- Utility expenses are equal in both Albert lea and Schenectady averaging $250.