Housing costs in Albion?
A typical home costs
$124,300, which is 63.2% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Albion costs
$840 per month, which is 9.7% cheaper than the national average of
$930 and close to the state average of
$840.
Can I afford Albion?
To live comfortably in Albion (zip 50005), Iowa, a minimum annual income of
$23,760 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Albion?
The cost of living in 50005 Albion, IA is generally considered to be lower than the average cost of living for the US. Housing costs are especially low due to the many affordable single-family homes and apartments available. The median home value is just over $66,600, and the median rent price of an apartment is around $635 per month. The overall cost of groceries, utilities, health care, and transportation are also significantly lower than the national averages. This makes it an attractive option for those looking to save money while still enjoying a high quality of life.