Albany, OH vs New Riegel, OH

There is a significant gap in the cost of living between these two cities. New Riegel is 22.1% cheaper than Albany. With a cost index of 62 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Riegel to Albany should plan for substantially higher expenses across most categories.

On the housing front, median rent in Albany is $1,039/month compared to $693/month in New Riegel — a 50% difference. Home values follow the same pattern: New Riegel is more affordable at $103,000 median vs $140,800.

Median household income in Albany is $66,518 compared to $60,313 in New Riegel (+10.3%). Albany does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Albany spend roughly 18.7% of their income on rent, more than the 13.8% in New Riegel.