Housing costs in Albany?
A typical home costs
$160,000, which is 52.7% less expensive than the national average of
$338,100 and 27.8% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Albany costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$980.
Can I afford Albany?
To live comfortably in Albany, Indiana, a minimum annual income of
$30,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Albany?
Albany, IN is an affordable place to live. The cost of living index in Albany is significantly lower than the average U.S. index, making it an attractive location for those looking to stretch their dollars further. Housing costs in particular are quite low compared to most other areas, with an average home price of around $80,000. Additionally, the median household income of $44,000 means that most families can live comfortably in Albany while still having extra cash to save or spend on leisure activities like entertainment and dining out. Overall, Albany is a great place to live for those looking for a smaller town with a lower cost of living.