Albion, MI Cost Of Living
Cost Of Living In Albion, MI Summary
Cost of living in Albion research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Albion is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Michigan, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Albion is 78, with 100 being the average.
The cost of living index in Albion is 0.8x lower than the national average.
Albion ranks as the #3 cheapest in Michigan out of 180.
Albion ranks as the #46 cheapest out of 6,489 in the US.
The median home value in Albion is $139,158.
The median income in Albion is $40,040.
Table Of Contents
Albion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Albion, MI?
According to the most recent data on the cost of living, Albion has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Michigan, Albion has a cost of living index that's 0.9x lower than Michigan's index of 90.
The standard of living in Albion ranks as #3 most affordable out of the 180 places we measured in Michigan. By definition, that implies Albion ranks as the #177 most expensive place in the Wolverine State.
For more reading on life in Albion, check out:
In Michigan
In America
Albion Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Albion. Here is how it fairs on each of the criteria:
The Services index in Albion is 91.
The Groceries index in Albion is 96.
The Health index in Albion is 95.
The Housing index in Albion is 42.
The Transportation index in Albion is 95.
The Utilities index in Albion is 101.
| Living Expense | Albion | Michigan | National Average | |
|---|---|---|---|---|
| Overall | 78 | 90 | 100 | |
| Services | 91 | 93 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 95 | 91 | 100 | |
| Housing | 42 | 72 | 100 | |
| Transportation | 95 | 96 | 100 | |
| Utilities | 101 | 99 | 100 | |
Albion, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Albion is $139,158.
The Median Rent in Albion is $769.
The Median Income in Albion is $40,040.
The Home Value To Income in Albion is 3.5x.
The Rent To Monthly Income in Albion is 0.23x.
Median Home Value
Median Rent
Median Income
Albion, MI Costs By Category
Detailed Albion Services Costs Vs. Michigan
Detailed Albion Groceries Costs Vs. Michigan
Detailed Albion Health Costs Vs. Michigan
Detailed Albion Transportation Costs Vs. Michigan
Detailed Albion Utilities Costs Vs. Michigan
Albion SnackAbility
/10
Cost Of Living In Cities Around Albion
The cost of living varies in the cities and towns around Albion. Here's a quick look at the cost of living in the most populous nearby places:
Portage, MI has a cost of living index of 94, 1.2x Albion.
Okemos, MI has a cost of living index of 104, 1.3x Albion.
Holt, MI has a cost of living index of 95, 1.2x Albion.
| City | Population | Cost Of Living | Vs. Albion |
|---|---|---|---|
| Portage, MI | 49,015 | 94 | 1.2x |
| Okemos, MI | 25,503 | 104 | 1.3x |
| Holt, MI | 25,275 | 95 | 1.2x |
| Waverly, MI | 23,301 | 95 | 1.2x |
| Haslett, MI | 19,025 | 97 | 1.2x |
| Westwood, MI | 8,968 | 91 | 1.2x |
| Mason, MI | 8,239 | 88 | 1.1x |
| Grand Ledge, MI | 7,797 | 92 | 1.2x |
| Marshall, MI | 6,797 | 89 | 1.1x |
| Comstock Northwest, MI | 5,190 | 90 | 1.2x |
