Albertville, MN Cost Of Living
Cost Of Living In Albertville, MN Summary
Cost of living in Albertville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Albertville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Albertville is 105, with 100 being the average.
The cost of living index in Albertville is 1.1x higher than the national average.
Albertville ranks as the #77 cheapest in Minnesota out of 147.
Albertville ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Albertville is $243,400.
The median income in Albertville is $79,875.
Table Of Contents
Albertville's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Albertville, MN?
According to the most recent data on the cost of living, Albertville has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Albertville has a cost of living index that's 1.1x higher than Minnesota's index of 95.
The standard of living in Albertville ranks as #77 most affordable out of the 147 places we measured in Minnesota. By definition, that implies Albertville ranks as the #70 most expensive place in the North Star State.
For more reading on life in Albertville, check out:
- Living In Albertville
- Search Homes For Sale In Albertville, MN
In Minnesota
In America
Albertville Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Albertville. Here is how it fairs on each of the criteria:
The Services index in Albertville is 113.
The Groceries index in Albertville is 105.
The Health index in Albertville is 104.
The Housing index in Albertville is 102.
The Transportation index in Albertville is 103.
The Utilities index in Albertville is 95.
| Living Expense | Albertville | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 105 | 95 | 100 | |
| Services | 113 | 101 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 104 | 111 | 100 | |
| Housing | 102 | 83 | 100 | |
| Transportation | 103 | 98 | 100 | |
| Utilities | 95 | 95 | 100 | |
Albertville, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Albertville is $243,400.
The Median Rent in Albertville is $1,221.
The Median Income in Albertville is $79,875.
The Home Value To Income in Albertville is 3.0x.
The Rent To Monthly Income in Albertville is 0.18x.
| Statistic | Albertville | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $243,400 | $250,200 | $244,900 |
| Median Rent | $1,221 | $1,081 | $1,163 |
| Median Income | $79,875 | $77,706 | $69,021 |
| Home Value To Income | 3.0x | 3.2x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Albertville, MN Costs By Category
Detailed Albertville Services Costs Vs. Minnesota
| Item | Albertville | Minnesota |
|---|---|---|
| Shampoo | $1.09 | $1.06 |
| Movie | $9.96 | $10.68 |
| Bowling | $22.57 | $14.67 |
| Haircut | $24.2 | $18.62 |
| Beauty Salon | $34.39 | $39.05 |
Detailed Albertville Groceries Costs Vs. Minnesota
| Item | Albertville | Minnesota |
|---|---|---|
| Ground Beef | $4.4 | $4.22 |
| Fried Chicken | $2.1 | $1.39 |
| Milk | $2.6 | $2.05 |
| Potatoes | $3.32 | $3.29 |
| Pizza | $12.99 | $10.62 |
| Beer | $8.96 | $9.38 |
| Toothpaste | $3.36 | $2.34 |
Detailed Albertville Health Costs Vs. Minnesota
| Item | Albertville | Minnesota |
|---|---|---|
| Optometrist | $89.59 | $108.57 |
| Doctor | $147.85 | $116.17 |
| Dentist | $86.94 | $99.13 |
Detailed Albertville Transportation Costs Vs. Minnesota
| Item | Albertville | Minnesota |
|---|---|---|
| Gasoline | $2.06 | $2.22 |
| Tire Balancing | $58.37 | $50.07 |
Detailed Albertville Utilities Costs Vs. Minnesota
| Item | Albertville | Minnesota |
|---|---|---|
| All Electricity | $160.63 | $167.67 |
| Phone | $180.98 | $175.64 |
Albertville SnackAbility
/10
Cost Of Living In Cities Around Albertville
The cost of living varies in the cities and towns around Albertville. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 122, 1.2x Albertville.
Maple Grove, MN has a cost of living index of 117, 1.1x Albertville.
Andover, MN has a cost of living index of 114, 1.1x Albertville.
| City | Population | Cost Of Living | Vs. Albertville |
|---|---|---|---|
| Plymouth, MN | 80,034 | 122 | 1.2x |
| Maple Grove, MN | 69,900 | 117 | 1.1x |
| Andover, MN | 32,471 | 114 | 1.1x |
| Elk River, MN | 25,467 | 106 | 1.0x |
| Champlin, MN | 23,877 | 110 | 1.0x |
| New Hope, MN | 21,683 | 106 | 1.0x |
| Otsego, MN | 19,565 | 107 | 1.0x |
| St. Michael, MN | 18,148 | 114 | 1.1x |
| Monticello, MN | 14,235 | 105 | 1.0x |
| Rogers, MN | 13,182 | 120 | 1.1x |
