Housing costs in Albert Lea township?
A typical home costs
$255,500, which is 24.4% less expensive than the national average of
$338,100 and 17.4% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albert Lea township costs
$900 per month, which is 37.1% more than the national average of
$1,430 and 37.8% more than the state average of
$1,240.
Can I afford Albert Lea township?
To live comfortably in Albert Lea township, Minnesota, a minimum annual income of
$48,960 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Albert Lea township?
The cost of living in Albert Lea Township, MN is quite affordable. The median home price is around $115,000 which is much lower than the national average. This makes it a great city for those looking to invest in property or get their first home. Basic goods like groceries also remain relatively low as compared to other cities, while utilities are slightly higher than average due to the colder climate. Overall, Albert Lea offers a high quality of life at an incredibly reasonable price, making it an excellent choice for those seeking an affordable place to live without compromising on amenities.