Albert Lea, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
85
Albert Lea's Overall Cost Of Living
0.8x
Lower Than The National Average
5 out of 147
In Minnesota
777 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Albert Lea is expensive, while a number below 100 means it's a relatively cheap place to live.

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.

For more reading on life in Albert Lea, check out:

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
For more reading on cost of living around Minnesota, check out:
Albert Lea Cost of Living Vs. MN

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.

$102,700
Median Home Value
$728
Median Rent
$45,929
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

6
/10
Overall SnackAbility
Jobs
6/10
Housing
5
Affordability
8
Diversity
8
Safety
6
Amenities
8.5
Education
5
Commute
9

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

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