Albion, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 75, with 100 being the average.

  • The cost of living index in Albion is 0.8x lower than the national average.

  • Albion ranks as the #2 cheapest in Michigan out of 175.

  • Albion ranks as the #35 cheapest out of 6,412 in the US.

  • The median home value in Albion is $65,800.

  • The median income in Albion is $36,891.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
75
Albion's Overall Cost Of Living
0.8x
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 75, which is 0.8x lower than the national index of 100.

Compared to Michigan, Albion has a cost of living index that's 0.8x lower than Michigan's index of 92.

The standard of living in Albion ranks as #2 most affordable out of the 175 places we measured in Michigan. By definition, that implies Albion ranks as the #173 most expensive place in the Wolverine State.

For more reading on life in Albion, check out:

2 out of 175
In Michigan
35 out of 6,412
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 86.

  • The Groceries index in Albion is 75.

  • The Health index in Albion is 95.

  • The Housing index in Albion is 40.

  • The Transportation index in Albion is 98.

  • The Utilities index in Albion is 100.

Living Expense Albion Michigan National Average
Overall 75 92 100
Services 86 96 100
Groceries 75 96 100
Health 95 94 100
Housing 40 80 100
Transportation 98 97 100
Utilities 100 100 100
For more reading on cost of living around Michigan, check out:
Albion Cost of Living Vs. MI

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 2017-2021. The key points are:

  • The Median Home Value in Albion is $65,800.

  • The Median Rent in Albion is $738.

  • The Median Income in Albion is $36,891.

  • The Home Value To Income in Albion is 1.8x.

  • The Rent To Monthly Income in Albion is 0.24x.

Statistic Albion Michigan United States
Median Home Value $65,800 $172,100 $244,900
Median Rent $738 $946 $1,163
Median Income $36,891 $63,202 $69,021
Home Value To Income 1.8x 2.7x 3.5x
Rent To Monthly Income 0.24x 0.18x 0.2x
Search Homes For Sale In Albion, MI
$65,800
Median Home Value
$738
Median Rent
$36,891
Median Income

Albion, MI Costs By Category

Detailed Albion Services Costs Vs. Michigan

Item Albion Michigan
Shampoo $0.88 $1.06
Movie $8.95 $10.68
Bowling $16.39 $14.67
Haircut $16.14 $18.62
Beauty Salon $19.0 $39.05

Detailed Albion Groceries Costs Vs. Michigan

Item Albion Michigan
Ground Beef $3.83 $4.22
Fried Chicken $1.1 $1.39
Milk $1.5 $2.05
Potatoes $2.73 $3.29
Pizza $9.99 $10.62
Beer $8.21 $9.38
Toothpaste $2.03 $2.34

Detailed Albion Health Costs Vs. Michigan

Item Albion Michigan
Optometrist $63.31 $108.57
Doctor $102.79 $116.17
Dentist $98.94 $99.13

Detailed Albion Transportation Costs Vs. Michigan

Item Albion Michigan
Gasoline $2.02 $2.22
Tire Balancing $54.29 $50.07

Detailed Albion Utilities Costs Vs. Michigan

Item Albion Michigan
All Electricity $167.02 $167.67
Phone $178.81 $175.64

Albion SnackAbility

3
/10
Overall SnackAbility
Jobs
3/10
Housing
4
Affordability
8
Diversity
9
Safety
3
Amenities
8.5
Education
7
Commute
9

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 87, 1.2x Albion.

  • Holt, MI has a cost of living index of 86, 1.1x Albion.

  • Okemos, MI has a cost of living index of 101, 1.3x Albion.

City Population Cost Of Living Vs. Albion
Portage, MI 48,767 87 1.2x
Holt, MI 25,755 86 1.1x
Okemos, MI 25,179 101 1.3x
Waverly, MI 23,328 94 1.3x
Haslett, MI 19,333 93 1.2x
Westwood, MI 8,920 83 1.1x
Mason, MI 8,307 85 1.1x
Grand Ledge, MI 7,792 87 1.2x
Marshall, MI 6,832 80 1.1x
Comstock Northwest, MI 5,438 84 1.1x

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