Housing costs in Albion?
A typical home costs
$447,700, which is 32.4% more expensive than the national average of
$338,100 and 44.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albion costs
$1,220 per month, which is 14.7% cheaper than the national average of
$1,430 and close to the state average of
$1,240.
Can I afford Albion?
To live comfortably in Albion, Minnesota, a minimum annual income of
$85,680 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Albion?
The cost of living in Albion, MN is fairly low compared to other areas in the state. The median home value in Albion is just over $64,000 which is significantly lower than the state's average of over $200,000. Additionally, things such as groceries and utilities are also relatively inexpensive when compared to bigger cities. Property taxes are also low due to the area’s rural nature. Overall, Albion has a much more reasonable cost of living that makes it an attractive option for people looking for a place to call home.