Cost of Living: Livonia, MI vs Albany, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Livonia | Albany |
|---|---|---|
| Housing Index | 90.6 | 120.0 |
| Median Home Price | $305,000 | $282,000 |
| Average Rent (2 BR Apartment) | $1200 | $2200 |
| Average Rent (2 BR House) | $1280 | $2496 |
Housing Comparison: Livonia vs Albany
- In Livonia, the median home price is higher at $305,000, while in Albany it is $282,000.
- In Albany, the rental for a two-bedroom apartment stands at $2,200, while it is $1,200 in Livonia.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Livonia | Albany |
|---|---|---|
| Electricity Price | $19.88 | $26.08 |
| Natural Gas Price | $15.42 | $18.13 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Livonia vs Albany
- Albany has higher electricity costs at $26.08 per kWh, versus $19.88 in Livonia.
- Albany experiences higher natural gas costs at $18.13 per unit, with costs at $15.42 in Livonia.
- Utility expenses are equal in both Livonia and Albany averaging $250.