Cost of Living in Albany, OR

Housing

The housing market plays a significant role in determining the cost of living in Albany, OR.

• Housing Index: 98.0 / 100
• Median Home Price is: $315000
• Average Rent (2 BR Apartment): $1400 per month
• Average Rent (2 BR House): $1440 per month

Considering a move to Albany, OR? With a housing index of 98.0, the area remains slightly below the national average, indicating reasonable affordability. The median home price stands at 315000, making homeownership feasible for many. Renting is also viable with an average rent of 1400 for a 2BR apartment and 1440 for a 2BR house, which reflects typical rates in many suburban environments. Don’t forget, local amenities and quality of life should factor into your decision as well, enhancing the overall value of living in Albany.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Albany, OR.

• Electricity Price: 15.12 USD (median by state)
• Natural Gas Price: $16.5 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Albany, OR could entail higher utility costs. Electricity costs sit at 15.12, while natural gas is priced at 16.5 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 99.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $69777

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Albany, OR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.