Albany, MN vs Mahtomedi, MN

The cost of living difference between Albany, MN and Mahtomedi, MN is dramatic. Albany is 45.5% cheaper than Mahtomedi, a gap that translates to thousands of dollars per year in household expenses. Albany has a cost index of 67 while Mahtomedi sits at 123, 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 $1,608/month in Mahtomedi — a 64% difference. Home values follow the same pattern: Albany is more affordable at $226,000 median vs $466,100.

Median household income in Albany is $75,417 compared to $132,326 in Mahtomedi (-43%). The higher salaries in Mahtomedi partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Albany spend roughly 9.2% of their income on rent, less than the 14.6% in Mahtomedi.