Albany, MN vs Albertville, MN

The cost of living difference between Albany, MN and Albertville, MN is dramatic. Albany is 36% cheaper than Albertville, a gap that translates to thousands of dollars per year in household expenses. Albany has a cost index of 67 while Albertville sits at 105, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Albany is $579/month compared to $1,385/month in Albertville — a 58% difference. Home values follow the same pattern: Albany is more affordable at $226,000 median vs $326,400.

Median household income in Albany is $75,417 compared to $126,307 in Albertville (-40.3%). While Albertville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albany spend roughly 9.2% of their income on rent, less than the 13.2% in Albertville.