Housing costs in Albion?
A typical home costs
$243,500, which is 28.0% less expensive than the national average of
$338,100 and 6.8% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Albion costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 18.3% cheaper than the state average of
$970.
Can I afford Albion?
To live comfortably in Albion, Nebraska, a minimum annual income of
$46,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Albion?
Albion, NE has an affordable cost of living. The median home value in the area is around $87,000, which is significantly lower than the national average. The median household income is also slightly lower than the national average but still provides a comfortable standard of living. The median rental rate for a one-bedroom apartment is around $450 monthly. Groceries, health care costs, and transportation are all very affordable in Albion and most residents can live comfortably without breaking their budgets.