Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Crime
With a lower than average crime rate per 100,000 people, this area could be considered a very safe place to live. Crime rates are based on both violent and property crimes.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Employment
A low score in the employment category could indicate that this area struggles with high unemployment rates and low household income and income per capita levels.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Albany is a smaller city located in the state of Kentucky. The city has a population of 2,555 people. At 91%, the majority of the Albany population is White; this is followed by 1% Asian and 0% Black. Not a fan of sitting in traffic during your commute to work? Albany offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Are you trying to figure out if living in Albany is the right fit for your lifestyle? To ensure a good experience before relocating to any new city in Kentucky, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Finding the best places to live in Albany and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, employment and other important metrics.
The livability score in Albany is 71 out of 100 and the city is ranked in the 78th percentile of all cities across America. Based on the scores for each individual category, Albany has been rewarded with high marks for crime (A+) and housing (A). Albany does not do well for the following: amenities (F), education (F) and employment (F). It might be wise to take a closer look at each category to find out why.
Striving for a cost-effective lifestyle becomes increasingly essential, especially in light of the ongoing upward trajectory of everyday goods and services. In Albany, residents enjoy the privilege of a cost of living that is 22.74% below the national average. This favorable positioning extends its influence across a broad spectrum of expenses, encompassing not only goods and services but also housing costs, groceries and healthcare costs. Consequently, this locale emerges as a hub where your financial resources go further, allowing you to maintain an economical and sustainable way of life. This affordability becomes increasingly significant in an era marked by escalating expenses, rendering Albany an appealing destination for those in pursuit of financial prudence without sacrificing their quality of life.
Finding affordable real estate and housing in Albany can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Albany real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Albany. The median home price for Albany homes is $136,339, which is 39.4% lower than the Kentucky average. If we take a closer look at the affordability of homes in Albany, we’ll see that the home price to income ratio is 3.4, which is 0% lower than the Kentucky average.
| Statistic | Albany | Kentucky | National |
| Average one way commute | 19min | 23min | 26min |
| Workers who drive to work | 79.4% | 82.2% | 76.4% |
| Workers who carpool | 13.5% | 9.7% | 9.3% |
| Workers who take public transit | 0.2% | 1.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 1.6% | 2.4% | 2.8% |
| Working from home | 5.2% | 3.3% | 4.6% |
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