Albany, WI vs Somerset, WI

There is a significant gap in the cost of living between these two cities. Albany is 21% cheaper than Somerset. With a cost index of 73 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Albany to Somerset should plan for substantially higher expenses across most categories.

On the housing front, median rent in Albany is $864/month compared to $1,127/month in Somerset — a 23% difference. Home values follow the same pattern: Albany is more affordable at $166,800 median vs $271,200.

Median household income in Albany is $71,875 compared to $76,176 in Somerset (-5.6%). Somerset does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Albany spend roughly 14.4% of their income on rent, less than the 17.8% in Somerset.