Cost of living in Albany
Albany, Georgia, offers a unique blend of Southern charm and modern amenities. Understanding the cost of living in Albany is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses, including housing, transportation, groceries, and more, to help you make informed decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $14.76 on average, with a range between $12 and $20.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $35 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $11, with a range between $10 and $12.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.5 to $8, imported beer $4.79 to $10, cappuccino $4.25 to $7.5, and Coke/Pepsi $2 to $8.
Grocery Prices
- Milk - Milk is priced between $0.73 and $1.11 per liter, averaging $0.82.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.1 and $4.13, with an average price of $1.57.
- Eggs (Dozen) - A dozen eggs range from $1.54 to $2.95, averaging $1.54.
- Fruits (e.g., Apples, Oranges) - Apples cost $3.31 to $6.61 per kg, while oranges range from $2.2 to $7.72 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $3.31 per kg, and lettuce costs $1.68 to $3.69 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.7.
- Fuel (Gasoline) - Gasoline is priced between $0.76 and $0.97 per liter.
- Taxi Fares - Taxi fares are not specified, but a new car like a Volkswagen Golf costs around $35,950.91.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $1300.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent also averages $1300.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2500.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $2000.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1249.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter also averages $1249.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $160 and $600, averaging $182.99.
- Internet - Internet services range from $50 to $200, with an average cost of $63.75.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Albany, GA, offers a relatively affordable cost of living compared to larger cities. Dining out is reasonably priced, with a variety of options from casual to upscale.
Grocery prices are competitive, and transportation costs are low, especially for public transport and gasoline.
Housing costs are moderate, with rental prices consistent both in and outside the city centre. Utilities and internet services are also reasonably priced.
Conclusion
In conclusion, Albany, GA, provides a balanced cost of living with affordable housing, dining, and transportation options.
This makes it an attractive option for individuals and families looking for a cost-effective place to live without sacrificing amenities.