Albert Lea cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexAlbert LeaMinnesotaNational
Cost of living index83102100
IndexAlbert LeaMinnesotaNational
Goods & Services index95105100
Groceries index91106100
Health care index90113100
Housing index56100100
Transportation index95103100
Utilities index9789100
The above illustration supplies generalized information for the Albert Lea, MN cost of living index. Compared to other cities in Minnesota and cities across the country, the cost of living index in Albert Lea, MN is 83, which is 19% lower than the Minnesota average and 17% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Albert Lea, MN are 10% lower than the average for Minnesota and 5% lower than the rest of the country.

Did you know?

  • The cost of living in Albert Lea is 19% lower than the Minnesota average.
  • The cost of living in Albert Lea is 17% lower than the national average.
  • The cost of housing in Albert Lea is 44% lower than the national average.
  • Minnesota general sales tax is 35% higher than the national average.
  • Minnesota state income tax is 141% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Albert Lea, MN to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Albert Lea, MN, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Albert Lea, MN salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Albert Lea, MN as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Albert Lea, MN homeowners, the median income is $51,908. This indicates that a monthly maximum of $1,211 should be spent by homeowners on all housing related costs. Renters have a median income of $29,115. This indicates that renters should have a maximum of $679 used for their rent related monthly costs.

Minnesota Sales Tax

StateGeneral Sales TaxWith Max Surtax

Minnesota Income Tax

StateIncome Tax (Low)Income Tax (High)
The Minnesota sales tax and Minnesota income tax rates should definitely be considered when determining the overall cost of living in Albert Lea, MN. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Minnesota sales tax is 6.875% and the maximum surtax is 7.875%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Minnesota income tax rates range from 5.35% to 9.85%.

Goods & Services

ItemAlbert LeaNational avg.Difference
Haircut $18.84$16.0917.1%
Beauty Salon $25.10$37.3332.8%
Toothpaste $1.90$2.4522.3%
Shampoo $0.89$1.0010.9%
Movie $8.98$10.2812.7%
Bowling $3.15$4.9336.2%


ItemAlbert LeaNational avg.Difference
Ground Beef $3.20$3.8015.8%
Fried Chicken $1.22$1.4012.6%
Milk $1.58$2.0121.5%
Potatoes $2.34$3.0122.2%
Pizza $9.63$9.892.6%
Beer $8.75$8.901.6%

Health Care

ItemAlbert LeaNational avg.Difference
Optometrist $107.39$102.165.1%
Doctor $82.02$108.3624.3%
Dentist $88.51$92.534.3%
Ibuprofen $7.56$9.2818.5%
Lipitor $420.23$425.821.3%


ItemAlbert LeaNational avg.Difference
Home Price $95,200.00$184,700.0048.5%
Avg. Mortgage Payment $1,021.36$1,202.4415.1%
Apartment Rent $621.00$949.0034.6%


ItemAlbert LeaNational avg.Difference
Gasoline $2.44$2.248.6%
Tire Balancing $31.27$46.2932.4%


ItemAlbert LeaNational avg.Difference
All Electricity$175.89$165.966.0%
Phone $25.27$28.6811.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Scarville, IA6672-28%
Myrtle, MN7373-27%
Manchester, MN3881-19%
Freeborn, MN33983-17%
Hartland, MN30383-17%
Albert Lea, MN17,77583-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Arcata, CA17,77512222%
Dumont, NJ17,78814848%
Central Point, OR17,7931066%
Maumelle, AR17,7951033%
Shafter, CA17,8011033%
Albert Lea, MN17,77583-17%
Source: The Albert Lea, MN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.