Cost of Living in Albany, MN

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A+
7%
Overall NAT. AVG.
0%
Groceries NAT. AVG.
23%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Albany Minnesota National
Cost of living93100100
Groceries100100100
Health care99100100
Housing77100100
Transportation100100100
Utilities106104100
Lifestyle & Entertainment101100100
Household Items102100100
Education & Childcare9999100
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Homes For Sale In Albany, MN

property for sale

151 7th St N

Albany, MN
property for sale

38739 County Road 10

Albany, MN
property for sale

21781 Trestle Ridge Rd

Albany, MN
property for sale

121 Par Dr

Albany, MN
See the Newest Homes For Sale In Albany, MN

Cost Of Living Quick Facts

  • The cost of living in Albany is 7% lower than the Minnesota average
  • The cost of living in Albany is 7% lower than the national average
  • Albany housing is 23% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Albany

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Compare Albany, MN Cost of Living

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      Utilities index
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      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$126,019$10,502$2,940$3,781
      Renters$23,067$1,922$538$692

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Elmdale, MN1631010.6%
      Grey Eagle, MN3078713.5%
      Greenwald, MN231909.8%
      New Munich, MN319909.5%
      Bowlus, MN299919.0%
      Albany, MN2,803936.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Aberdeen Proving Ground, MD2,80313131.5%
      Stanley, ND2,8031000.4%
      Oak Trail Shores, TX2,8038515.3%
      Biscoe, NC2,8028713.2%
      Clinton, NJ2,80213332.6%
      Albany, MN2,803936.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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