Housing costs in Albion?
A typical home costs
$252,600, which is 25.3% less expensive than the national average of
$338,100 and 10.7% more expensive than the average Nebraska home, at
$228,100. Renting a two-bedroom unit in Albion costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 21.3% cheaper than the state average of
$970.
Can I afford Albion?
To live comfortably in Albion (zip 68620), Nebraska, a minimum annual income of
$48,240 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Albion?
The cost of living in 68620 Albion, NE is relatively low compared to other parts of the United States. According to BestPlaces, the cost of living index for this zip code is 77, lower than the national average of 100. Housing expenses account for most of the costs associated with living in Albion, NE with an average home price being around $79,400. This is a 28% lower than the national median home price. Other costs such as groceries and utilities are also below the national averages. In addition, the unemployment rate in Albion, NE is 4%, which is significantly lower than the national rate of 8%. All these factors make living in Albion, NE very affordable and attractive for prospective residents.