Cost of Living in Albany, GA
| Cost of Living in Albany, GA | Compared to State Average | Compared to National Average |
|---|---|---|
| Housing (Buy and Rent) | 26% lower | 40% lower |
| Utilities (Monthly) | 8% lower | 11% lower |
| Food | 1% lower | 4% lower |
| Healthcare | 2% lower | 4% lower |
| Transportation | 9% lower | 12% lower |
| Goods & Services | 3% lower | 6% lower |
The cost of living in Albany, GA is 9% lower than the state average and 16% lower than the national average. Albany, GA housing is 40% cheaper than the U.S average, while utilities are about 11% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 4% cheaper in Albany, GA than in the rest of the country, while clothing costs around 6% less .
Healthcare services such as doctor check-ups and dentistry cost 4% less here compared to the U.S. average. At the same time, non-necessary expenses such as entertainment and grooming services are 6% cheaper in Albany, GA.
Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Albany is $1,031, while home prices circle around $314,360.
Both owning and renting come with utility expenses. These costs include basic services such as energy and telecommunications. In Albany, energy bills cost around $185.10 per month.
Food is the most important necessity and its cost varies around the country. This section includes the prices of everyday foods such as produce, meat and dairy. A bottle of milk costs about $5.54 in Albany, a dozen eggs go for around $6.43 and a pound of potatoes circles around $6.54.
The benchmark for this category is based on the prices of family doctor visits and specialized services such as optometry. In Albany, an optometry check-up costs around $140.92, while a dentist appointment is priced $111.51 on average.
Transportation expenses depend on multiple factors, with fuel being the most important. A gallon of gas is priced around $2.81 in Albany, while getting your tires balanced will run you about $49.62.
The cost of clothing tells you how much more or less money you need to buy basic items such as jeans, shirts or slacks in a new city. A men's shirt costs around $38.13 here. Meanwhile, a pair of women's slacks will set you back around $34.55.
The cost of entertainment and everyday services is based on common expenses in each category. For a movie ticket in Albany, you should budget around $11.78 a month. When it comes to personal services, a haircut usually goes for $32.21, while dry cleaning costs about $17.28.
The cost of living also takes median household income into account, so you can estimate how much more or less you could be earning in a new city by comparing it to the income in your current area. In Albany, the median household income is $45,201.