Housing costs in Albany?
A typical home costs
$351,100, which is 3.8% more expensive than the national average of
$338,100 and 8.2% more expensive than the average Wyoming home, at
$324,500. Renting a two-bedroom unit in Albany costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 8.2% cheaper than the state average of
$920.
Can I afford Albany?
To live comfortably in Albany, Wyoming, a minimum annual income of
$67,320 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Albany?
Albany, WY is known for having an affordable cost of living. It is the second least expensive place to live in Wyoming with an index score of 90.3. The median home value sits at $184,700, which is lower than the national median home value of $231,200. Additionally, the average price for a gallon of gasoline in Albany is around $2.25, which is lower than the national average price and makes transportation a more affordable necessity. Renting in Albany is also much less expensive than buying and the average cost for a two bedroom apartment sits at around $619 per month. Overall, with low taxes and housing costs as well as relatively low cost utilities and groceries, Albany is an ideal place to live for those looking for an affordable lifestyle.