Cost of Living in Albany, GA
Housing
The housing market plays a significant role in determining the cost of living in Albany, GA.
- Housing Index: 75.0 / 100
- Median Home Price is: $184000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $848 per month
When considering a move to Albany, GA, the current housing index stands at 75.0, indicating a moderately favorable market for potential buyers and renters. The median home price of 184000 provides an accessible entry point for homeownership, especially when compared to the evolving national averages. For rental options, expect to pay an average of 800 for a 2-bedroom apartment and 848 for a house. Overall, these figures suggest that Albany could be an attractive option if you value affordability while still providing necessary amenities and a vibrant community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Albany, GA.
- Electricity Price: $15.53 USD (median by state)
- Natural Gas Price: $27.53 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $150 per month
Living in Albany, GA could entail higher utility costs. Electricity costs sit at $15.53, while natural gas is priced at $27.53 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $150 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Albany is a financially viable option for your relocation.