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: $315,000
- 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 Albany is a financially viable option for your relocation.