The cost of living index in Albion, NY, stands at 88, which is 8% below the nationwide average of 100. This means Albion has a lower cost of living overall, making it an attractive place for budget-conscious individuals. In specific areas such as housing and transportation, Albion offers even more savings, with housing at 85% and transportation at 80% of the national average.
The cost of living index in Albion, New York, presents a mixed picture when compared to the nationwide average, which is set at 100. Albion's housing index stands at 85, indicating that it is 15% lower than the national average. This suggests that housing costs in Albion are more affordable, making it a potentially attractive option for those looking to purchase a home or reduce living expenses.
Other essential areas also show varied results. For groceries, Albion’s index is 90, which is 10% below the national average. This makes it slightly cheaper to buy food in Albion compared to the average American city. However, utilities are priced closer to the national average at 95, only 5% below. Transportation costs in Albion are notably lower at 80, which is 20% below the national average, offering savings in commuting and other transport-related expenses. Healthcare, on the other hand, remains close to the national average at 95, only 5% lower, which implies fairly consistent healthcare costs. Miscellaneous expenses in Albion have an index of 88, which is 12% lower than the nationwide average, providing a small advantage in day-to-day spending.
