According to the most recent data on the cost of living, Albert Lea has an overall cost of living index of 85 which is 0.8x lower than the national index of 100.
Compared to only Minnesota, Albert Lea has a cost of living index that's 0.8x lower than Minnesota's index of 104.
The standard of living in Albert Lea ranks as #777 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Albert Lea ranks as the #5,642 most expensive place in the North Star State.
Living Expense | Albert Lea | Minnesota | National Average | |
---|---|---|---|---|
Overall | 85 | 104 | 100 | |
Services | 98 | 106 | 100 | |
Groceries | 92 | 102 | 100 | |
Health | 97 | 113 | 100 | |
Housing | 56 | 101 | 100 | |
Transportation | 89 | 102 | 100 | |
Utilities | 111 | 98 | 100 |
Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Albert Lea | Minnesota | United States |
---|---|---|---|
Median Home Value | $102,700 | $235,700 | $229,800 |
Median Rent | $728 | $1,010 | $1,096 |
Median Income | $45,929 | $73,382 | $64,994 |
Home Value To Income | 2.2x | 3.2x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
Item | Albert Lea | Minnesota |
---|---|---|
Shampoo | $1.05 | $1.06 |
Movie | $9.5 | $10.68 |
Bowling | $10.0 | $14.67 |
Item | Albert Lea | Minnesota |
---|---|---|
Ground Beef | $3.78 | $4.22 |
Fried Chicken | $1.53 | $1.39 |
Milk | $1.88 | $2.05 |
Item | Albert Lea | Minnesota |
---|---|---|
Haircut | $19.56 | $18.62 |
Beauty Salon | $24.89 | $39.05 |
Toothpaste | $2.59 | $2.34 |
Item | Albert Lea | Minnesota |
---|---|---|
Potatoes | $2.63 | $3.29 |
Pizza | $12.07 | $10.62 |
Beer | $8.53 | $9.38 |
Optometrist | $91.44 | $108.57 |
Doctor | $126.17 | $116.17 |
Dentist | $93.33 | $99.13 |
Item | Albert Lea | Minnesota |
---|---|---|
Gasoline | $2.01 | $2.22 |
Tire Balancing | $45.42 | $50.07 |
All Electricity | $197.53 | $167.67 |
Phone | $180.82 | $175.64 |
City | Population | Cost Of Living | Vs. Albert Lea |
---|---|---|---|
Mankato, MN | 42,685 | 95 | 1.1x |
Owatonna, MN | 25,716 | 92 | 1.1x |
Austin, MN | 25,180 | 84 | 1.0x |
Faribault, MN | 23,853 | 92 | 1.1x |
North Mankato, MN | 13,903 | 96 | 1.1x |
Waseca, MN | 8,892 | 88 | 1.0x |
Clear Lake, IA | 7,594 | 90 | 1.1x |
Kasson, MN | 6,425 | 90 | 1.1x |
Stewartville, MN | 6,123 | 94 | 1.1x |