Albion, NY Cost Of Living
Cost Of Living In Albion, NY Summary
Cost of living in Albion 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 Albion is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, 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 Albion is 88, with 100 being the average.
The cost of living index in Albion is 0.9x lower than the national average.
Albion ranks as the #21 cheapest in New York out of 340.
Albion ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Albion is $67,700.
The median income in Albion is $41,708.
Table Of Contents
Albion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Albion, NY?
According to the most recent data on the cost of living, Albion has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.
Compared to New York, Albion has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Albion ranks as #21 most affordable out of the 340 places we measured in New York. By definition, that implies Albion ranks as the #319 most expensive place in the Empire State.
For more reading on life in Albion, check out:
- Living In Albion
- Albion Crime Report
- Search Homes For Sale In Albion, NY
In New York
In America
Albion Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Albion. Here is how it fairs on each of the criteria:
The Services index in Albion is 108.
The Groceries index in Albion is 101.
The Health index in Albion is 100.
The Housing index in Albion is 45.
The Transportation index in Albion is 109.
The Utilities index in Albion is 93.
| Living Expense | Albion | New York | National Average | |
|---|---|---|---|---|
| Overall | 88 | 126 | 100 | |
| Services | 108 | 110 | 100 | |
| Groceries | 101 | 104 | 100 | |
| Health | 100 | 105 | 100 | |
| Housing | 45 | 175 | 100 | |
| Transportation | 109 | 107 | 100 | |
| Utilities | 93 | 102 | 100 | |
Albion, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, 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 Albion is $67,700.
The Median Rent in Albion is $789.
The Median Income in Albion is $41,708.
The Home Value To Income in Albion is 1.6x.
The Rent To Monthly Income in Albion is 0.23x.
| Statistic | Albion | New York | United States |
|---|---|---|---|
| Median Home Value | $67,700 | $340,600 | $244,900 |
| Median Rent | $789 | $1,390 | $1,163 |
| Median Income | $41,708 | $75,157 | $69,021 |
| Home Value To Income | 1.6x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Albion, NY Costs By Category
Detailed Albion Services Costs Vs. New York
Detailed Albion Groceries Costs Vs. New York
Detailed Albion Health Costs Vs. New York
Detailed Albion Transportation Costs Vs. New York
Detailed Albion Utilities Costs Vs. New York
Albion SnackAbility
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Cost Of Living In Cities Around Albion
The cost of living varies in the cities and towns around Albion. Here's a quick look at the cost of living in the most populous nearby places:
Batavia, NY has a cost of living index of 91, 1.0x Albion.
Brockport, NY has a cost of living index of 94, 1.1x Albion.
Medina, NY has a cost of living index of 84, 1.0x Albion.
| City | Population | Cost Of Living | Vs. Albion |
|---|---|---|---|
| Batavia, NY | 15,497 | 91 | 1.0x |
| Brockport, NY | 7,246 | 94 | 1.1x |
| Medina, NY | 5,941 | 84 | 1.0x |
| Hamlin, NY | 5,299 | 93 | 1.1x |
