Cost of Living: Lincoln, NE vs Albany, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lincoln | Albany |
|---|---|---|
| Housing Index | 78.0 | 98.0 |
| Median Home Price | $284,000 | $315,000 |
| Average Rent (2 BR Apartment) | $1200 | $1400 |
| Average Rent (2 BR House) | $1225 | $1440 |
Housing Comparison: Lincoln vs Albany
- The median home price in Albany is higher at $315,000, compared to $284,000 in Lincoln.
- In Albany, the rental for a two-bedroom apartment stands at $1,400, while it is $1,200 in Lincoln.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lincoln | Albany |
|---|---|---|
| Electricity Price | $12.92 | $15.12 |
| Natural Gas Price | $13.89 | $16.5 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Lincoln vs Albany
- Albany has higher electricity costs at $15.12 per kWh, versus $12.92 in Lincoln.
- Albany experiences higher natural gas costs at $16.5 per unit, with costs at $13.89 in Lincoln.
- Utility expenses are equal in both Lincoln and Albany averaging $250.