Housing costs in Albert Lea?
A typical home costs
$158,100, which is 53.2% less expensive than the national average of
$338,100 and 48.9% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Albert Lea costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 42.5% cheaper than the state average of
$1,240.
Can I afford Albert Lea?
To live comfortably in Albert Lea Minnes Metro Area, Minnesota, a minimum annual income of
$30,240 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Albert Lea?
The cost of living in the Albert Lea, MN Metro Area is significantly lower than the US average. According to recent statistics, the cost of living in the area is 73.9, while the national average Cost of Living is 100. This means that residents of Albert Lea can enjoy a much lower cost of living than other parts of the country. The median house value in Albert Lea is also substantially lower than the US average at $158,100 compared to $338,100 nationwide. This makes Albert Lea an attractive option for those looking for affordable housing and a low cost of living.