Housing costs in Albion?
A typical home costs
$203,200, which is 39.9% less expensive than the national average of
$338,100 and 8.3% less expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Albion costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 11.4% cheaper than the state average of
$980.
Can I afford Albion?
To live comfortably in Albion (zip 46701), Indiana, a minimum annual income of
$38,880 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Albion?
The cost of living in 46701 Albion, IN is quite affordable compared to many other cities in the United States. The median home value in the city is just over $100,000, which is significantly lower than the national average. Additionally, the local median household income of $39,456 is nearly 15% below the national average. The low housing prices and low incomes combine to create an overall low cost of living in this city. Groceries are particularly affordable, with common items costing around 10% less than other areas in the country. Furthermore, transportation expenses are relatively low due to lack of congestion and public transit options. All these factors make 46701 Albion a great place for those who want to live close to larger cities but don't want to pay high costs associated with big cities.