Housing costs in Albany?
A typical home costs
$120,500, which is 64.4% less expensive than the national average of
$338,100 and 60.9% less expensive than the average Georgia home, at
$308,200. Renting a two-bedroom unit in Albany costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 37.6% cheaper than the state average of
$1,280.
Can I afford Albany?
To live comfortably in Albany, Georgia, a minimum annual income of
$23,040 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Albany?
Albany, Georgia has a cost of living index rating slightly lower than that if the nation at 93 due mostly to relatively low housing costs making up 28%, transportation at 13%, groceries (12%), utilities (6%) and healthcare making up 10%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall moderate cost of living compared with almost anywhere else in America while still affording them access to city amenities like cultural centers, recreational facilities and educational institutes.