Housing costs in Albany?
A typical home costs
$224,100, which is 33.7% less expensive than the national average of
$338,100 and 27.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albany costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 53.1% cheaper than the state average of
$1,240.
Can I afford Albany?
To live comfortably in Albany, Minnesota, a minimum annual income of
$42,840 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Albany?
The cost of living in Albany, MN is relatively low compared to the national average. The median home price is about $140,000, which is much lower than the national median of $229,700. The area also benefits from a low unemployment rate of 2.7%, and the average commute time is just over 18 minutes. In addition, utilities are affordable due to renewable energy sources such as wind power and hydropower. With its low cost of living and plenty of outdoor activities to enjoy, Albany is an ideal place for those looking for a comfortable lifestyle without breaking the bank.