Housing costs in Albany?
A typical home costs
$131,100, which is 61.2% less expensive than the national average of
$338,100 and 32.5% less expensive than the average Kentucky home, at
$194,300. Renting a two-bedroom unit in Albany costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 21.1% cheaper than the state average of
$920.
Can I afford Albany?
To live comfortably in Albany, Kentucky, a minimum annual income of
$25,200 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Albany?
Albany, KY is known for its affordable cost of living. The median home value in Albany is $90,000, which is significantly lower than other cities in the area. Additionally, the median household income is around $42,000 per year. With such low housing costs and a relatively high median income, you can find a comfortable lifestyle that fits within your budget. Whether you're looking for an affordable family home or a cozy apartment, Albany has something to offer for everyone. There are also many great restaurants and local shops which can give residents great value for their money.