Albany, MN, has a cost of living index that is slightly lower than the nationwide average, which is set at 100. The overall cost of living index in Albany stands at 89, reflecting a 11% decrease compared to the national average. This lower cost of living makes it an attractive option for job seekers looking to balance expenses with quality of life.
Albany, MN, presents a cost of living that is notably lower than the nationwide average. The overall cost of living index for Albany stands at 88, which is 12% below the national benchmark of 100. This lower index suggests that the expenses for housing, groceries, utilities, transportation, healthcare, and miscellaneous items are generally more affordable compared to the average American city.
Specifically, Albany's housing index is 85, which is 15% below the national average. This means residents can expect to pay less for housing than the average American. Groceries in Albany are priced at 90, only 10% below the national average, making it a slightly cheaper option for food. Utilities cost 95 in Albany, which is 5% below the average, indicating minor savings on utility bills. Transportation costs are at 88, which is 12% lower, suggesting that commuting and other transportation-related expenses are also more affordable. Healthcare costs in Albany are 92, which is 8% below the average, and miscellaneous expenses are at 87, which is 13% lower. These figures collectively highlight Albany's favorable cost of living compared to the national average.
