Housing costs in Albin?
A typical home costs
$240,500, which is 28.9% less expensive than the national average of
$338,100 and 22.3% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albin costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 22.8% cheaper than the state average of
$1,240.
Can I afford Albin?
To live comfortably in Albin, Minnesota, a minimum annual income of
$46,080 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Albin?
The cost of living in Albin, MN is relatively affordable compared to other parts of the state. The median home price is approximately $177,000, which is well below the national average. Renters can expect to pay an average of $700-800 for a one bedroom apartment. Groceries and transportation costs are also quite reasonable with the average cost of groceries being around 13.7% less than the national average and public transit fares being notably low. Overall, Albin, MN provides a great quality of life at an affordable price point.