Albert Lea, MN Cost Of Living
Albert Lea's Overall Cost Of Living
Lower Than The National Average
In Minnesota
In America
What is the cost of living in Albert Lea, MN?
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.
Albert Lea Cost Of Living Vs. Minnesota
| 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 | |
Albert Lea, MN Housing Cost Breakdown
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.
Median Home Value
Median Rent
Median Income
| 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 |
Detailed Albert Lea Services Costs Vs. Minnesota
| Item | Albert Lea | Minnesota |
|---|---|---|
| Shampoo | $1.05 | $1.06 |
| Movie | $9.5 | $10.68 |
| Bowling | $10.0 | $14.67 |
Detailed Albert Lea Groceries Costs Vs. Minnesota
| Item | Albert Lea | Minnesota |
|---|---|---|
| Ground Beef | $3.78 | $4.22 |
| Fried Chicken | $1.53 | $1.39 |
| Milk | $1.88 | $2.05 |
Detailed Albert Lea Health Costs Vs. Minnesota
| Item | Albert Lea | Minnesota |
|---|---|---|
| Haircut | $19.56 | $18.62 |
| Beauty Salon | $24.89 | $39.05 |
| Toothpaste | $2.59 | $2.34 |
Detailed Albert Lea Transportation Costs Vs. Minnesota
| 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 |
Detailed Albert Lea Utilities Costs Vs. Minnesota
| 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 |
Albert Lea SnackAbility
/10
Cost Of Living In Cities Around Albert Lea
| 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 |
