Cost of Living: Charlotte, NC vs Albany, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Charlotte | Albany |
|---|---|---|
| Housing Index | 110.0 | 120.0 |
| Median Home Price | $364,000 | $282,000 |
| Average Rent (2 BR Apartment) | $1600 | $2200 |
| Average Rent (2 BR House) | $1640 | $2496 |
Housing Comparison: Charlotte vs Albany
- In Charlotte, the median home price is higher at $364,000, while in Albany it is $282,000.
- In Albany, the rental for a two-bedroom apartment stands at $2,200, while it is $1,600 in Charlotte.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Charlotte | Albany |
|---|---|---|
| Electricity Price | $13.72 | $26.08 |
| Natural Gas Price | $Data is updating | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Charlotte vs Albany
- Albany has higher electricity costs at $26.08 per kWh, versus $13.72 in Charlotte.
- Natural gas price data is currently unavailable.
- Utility expenses are equal in both Charlotte and Albany averaging $250.