Cost of Living in Albion, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.9
100 = national avg
-28.1 vs national average
Living Wage (1 Adult)
$31,619
per year
Living Wage (Family of 4)
$74,736
per year
Cost Index by Category
Housing70.6
Food80.6
Transportation61.2
Healthcare84.5
Utilities82.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$976
per month
2 Bedroom
$1,176
per month
The overall cost of living index in Albion is 71.9, which is 28.1% below the national average. Housing costs are below the national average at an index of 70.6. A single adult needs to earn approximately $31,619 per year to cover basic expenses.