Housing costs in Albany?
A typical home costs
$1,218,000, which is 260.2% more expensive than the national average of
$338,100 and 66.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Albany costs
$2,530 per month, which is 76.9% more than the national average of
$1,430 and 15.0% more than the state average of
$2,150.
Can I afford Albany?
To live comfortably in Albany, California, a minimum annual income of
$233,280 for a family, and
$82,800 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in Albany, CA is relatively high compared to the national average. According to the Cost of Living Index from March 2021, Albany has a base score of 158.1, which is 58.1% higher than the national average and ranks as one of the most expensive cities in California. Housing prices are especially high, with a median home value of $913,000 that is more than double the national average. Additionally, groceries, transportation and utilities are all more expensive than average. However, there are some areas where costs are lower – like healthcare and entertainment – making it possible for residents to enjoy a comfortable lifestyle without breaking their budget.