Cost of Living: Troy, MI vs Albany, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Troy | Albany |
|---|---|---|
| Housing Index | 115.0 | Data is updating |
| Median Home Price | $375,000 | $162,000 |
| Average Rent (2 BR Apartment) | $1200 | $Data is updating |
| Average Rent (2 BR House) | $1280 | $Data is updating |
Housing Comparison: Troy vs Albany
- In Troy, the median home price is higher at $375,000, while in Albany it is $162,000.
- The rent for a two-bedroom apartment is equal in both Troy and Albany 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 | Troy | Albany |
|---|---|---|
| Electricity Price | $19.88 | $11.42 |
| Natural Gas Price | $15.42 | $19.48 |
| Other Utilities | $250 | $Data is updating |
Utilities Comparison: Troy vs Albany
- Electricity costs are higher in Troy at $19.88 per kWh, compared to $11.42 in Albany.
- Albany experiences higher natural gas costs at $19.48 per unit, with costs at $15.42 in Troy.
- Utility expenses are equal in both Troy and Albany averaging $250.