Housing costs in Albany?
A typical home costs
$364,800, which is 7.9% more expensive than the national average of
$338,100 and 22.1% less expensive than the average Oregon home, at
$468,400. Renting a two-bedroom unit in Albany costs
$1,260 per month, which is 17.1% cheaper than the national average of
$1,520 and close to the state average of
$1,260.
Can I afford Albany?
To live comfortably in Albany (zip 97322), Oregon, a minimum annual income of
$69,840 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in Albany, OR zip code 97322 is fairly affordable. According to the Best Places Cost of Living Index, Albany ranks 16 points lower than the national average. The median home value in the area is $213,400 and monthly rent for a one-bedroom apartment runs between $650-$750. Those looking to buy groceries can expect to pay slightly below average prices compared to other cities in Oregon. Overall, Albany remains a great place for individuals and families on a budget who want access to all that Oregon has to offer without breaking the bank.