Albany, MN vs Tyler, MN

Albany, MN and Tyler, MN have a very similar cost of living, with only a 2% difference in their overall index. Albany scores 67 while Tyler scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Albany is $579/month compared to $771/month in Tyler — a 25% difference. Interestingly, home values tell a different story: while Albany has cheaper rent, Tyler actually has lower median home values ($143,300 vs $226,000).

Median household income in Albany is $75,417 compared to $60,417 in Tyler (+24.8%). Albany offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albany spend roughly 9.2% of their income on rent, less than the 15.3% in Tyler.