Housing costs in Albany?
A typical home costs
$160,900, which is 52.4% less expensive than the national average of
$338,100 and 18.3% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in Albany costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% cheaper than the state average of
$980.
Can I afford Albany?
To live comfortably in Albany, Ohio, a minimum annual income of
$30,960 for a family, and
$31,200 for a single person is recommended.
What does A.I. say about Albany?
Albany, OH is an affordable place to live. The cost of living is slightly lower than the national average, making it a great option for those looking to save money while still having access to all the amenities of big city life. The median home price in Albany is $95,000, which is much lower than comparably sized cities in Ohio. The median household income is about $54,000 and rent costs around $810 per month on average. Utilities are also quite inexpensive, with electric bills averaging just over $90 each month. Overall, Albany has a low cost of living that makes it an attractive option for anyone who wants to enjoy small-town charm without sacrificing access to urban amenities.