Cost of Living in Albion, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.5
100 = national avg
-15.5 vs national average
Living Wage (1 Adult)
$37,184
per year
Living Wage (Family of 4)
$87,890
per year
Cost Index by Category
Housing75.1
Food92.9
Transportation85.9
Healthcare94.3
Utilities90.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$698
per month
2 Bedroom
$916
per month
The overall cost of living index in Albion is 84.5, which is 15.5% below the national average. Housing costs are below the national average at an index of 75.1. A single adult needs to earn approximately $37,184 per year to cover basic expenses.