Albany, OH vs New Concord, OH

Albany, OH and New Concord, OH have a very similar cost of living, with only a 2.9% difference in their overall index. Albany scores 75 while New Concord scores 73 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Albany is $1,039/month compared to $824/month in New Concord — a 26% difference. Interestingly, home values tell a different story: while New Concord has cheaper rent, Albany actually has lower median home values ($140,800 vs $194,400).

Median household income in Albany is $66,518 compared to $72,120 in New Concord (-7.8%). New Concord offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albany spend roughly 18.7% of their income on rent, more than the 13.7% in New Concord.

Climate-wise, both cities share similar average temperatures (54.9°F vs 52.9°F). Albany receives more rainfall at 44.2" per year compared to 38.6" in New Concord.