Housing costs in Albany?
A typical home costs
$133,600, which is 60.5% less expensive than the national average of
$338,100 and 31.2% 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 (zip 42602), Kentucky, a minimum annual income of
$25,560 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in 42602 Albany, KY is quite affordable. The median home price in the area is around $85,000, and rental prices are also quite low at an average of $700 per month. The overall cost of living index is estimated to be around 85.4, which is lower than the national average of 100. Utility costs are also reasonable, with electricity being slightly higher than the national average but still below $100 per month on average. In addition, groceries have a low cost relative to other parts of the country, with prices for basic items like milk and eggs being significantly lower than most areas. Overall, 42602 Albany, KY provides an excellent quality of life to its residents thanks to its affordable cost of living.