Cost of Living: Hot springs village, AR vs Albany, OR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Hot springs village | Albany |
|---|---|---|
| Housing Index | 86.4 | 116.2 |
| Median Home Price | $265,000 | $315,000 |
| Average Rent (2 BR Apartment) | $1505 | $1862 |
| Average Rent (2 BR House) | $1636 | $2024 |
Housing Comparison: Hot springs village vs Albany
- The median home price in Albany is higher at $315,000, compared to $265,000 in Hot springs village.
- In Albany, the rental for a two-bedroom apartment stands at $1,862, while it is $1,505 in Hot springs village.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Hot springs village | Albany |
|---|---|---|
| Electricity Price | $12.36 | $15.12 |
| Natural Gas Price | $17.08 | $16.5 |
| Other Utilities | $208 | $248 |
Utilities Comparison: Hot springs village vs Albany
- Albany has higher electricity costs at $15.12 per kWh, versus $12.36 in Hot springs village.
- Natural gas is more expensive in Hot springs village at $17.08 per unit, while it is cheaper at $16.5 in Albany.
- Albany has higher utility expenses, averaging $248, while Hot springs village averages $208.