Housing costs in Albany?
A typical home costs
$131,600, which is 61.1% less expensive than the national average of
$338,100 and 57.3% less expensive than the average Georgia home, at
$308,200. Renting a two-bedroom unit in Albany costs
$1,080 per month, which is 15.6% cheaper than the national average of
$1,280 and 18.5% more than the state average of
$880.
Can I afford Albany?
To live comfortably in Albany (zip 31707), Georgia, a minimum annual income of
$25,200 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in Albany, GA is generally quite affordable, with costs being lower than the national average in many categories. Housing costs are significantly lower than most other parts of the country, averaging around $878 per month for rent. Transportation expenses such as gas and car insurance are also well below the national average, making Albany one of the more economical places to live. Groceries and general goods are also reasonably priced and local restaurants offer a variety of affordable dining options. While there may be more expensive places to live nearby, Albany is generally a very budget friendly option for individuals or families looking for an affordable place to call home.