Housing costs in Albion?
A typical home costs
$125,000, which is 63.0% less expensive than the national average of
$338,100 and 35.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Albion costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 8.1% cheaper than the state average of
$930.
Can I afford Albion?
To live comfortably in Albion, Iowa, a minimum annual income of
$24,120 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Albion?
The cost of living in Albion, IA is quite reasonable. Basic necessities such as groceries and utilities are affordable, making it easy to live within a budget. The local housing market also offers a variety of options for buyers, from single-family homes to apartments. Rent prices are among the lowest in the state, with average monthly rates at around $600. Furthermore, property taxes are low compared to other cities in Iowa, making purchasing or renting a home an even more attractive option for those looking to settle down in this charming town.