Housing costs in Albert Lea?
A typical home costs
$132,000, which is 61.0% less expensive than the national average of
$338,100 and 57.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albert Lea costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 37.8% cheaper than the state average of
$1,240.
Can I afford Albert Lea?
To live comfortably in Albert Lea, Minnesota, a minimum annual income of
$25,200 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Albert Lea?
The cost of living in Albert Lea, MN is generally considered to be quite reasonable. The average home price in Albert Lea is around $125,000, and utility costs are low due to the abundance of natural resources. Groceries and other necessities can be found at prices comparable to those found elsewhere in the state. Transportation is also affordable, with public buses running throughout the town and nearby cities, as well as Uber and Lyft being available for quick trips. All in all, Albert Lea provides a comfortable lifestyle and an affordable cost of living.