Cost of Living in Albion, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.1
100 = national avg
-2.9 vs national average
Living Wage (1 Adult)
$42,738
per year
Living Wage (Family of 4)
$101,017
per year
Cost Index by Category
Housing76.9
Food106.4
Transportation112.7
Healthcare105.1
Utilities99.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$959
per month
The overall cost of living index in Albion is 97.1, which is 2.9% below the national average. Housing costs are below the national average at an index of 76.9. A single adult needs to earn approximately $42,738 per year to cover basic expenses.