Albany, MN vs Wyoming, MN

The cost of living difference between Albany, MN and Wyoming, MN is dramatic. Albany is 30.8% cheaper than Wyoming, a gap that translates to thousands of dollars per year in household expenses. Albany has a cost index of 67 while Wyoming sits at 97, 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 $1,117/month in Wyoming — a 48% difference. Home values follow the same pattern: Albany is more affordable at $226,000 median vs $328,900.

Median household income in Albany is $75,417 compared to $101,938 in Wyoming (-26%). The higher salaries in Wyoming 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 13.1% in Wyoming.