Albert City, IA vs Grafton, IA

Grafton is moderately more affordable than Albert City, with a 6% lower cost of living index. Albert City scores 63 compared to 59 for Grafton, where the US average is 100. This difference means residents of Albert City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albert City is $778/month compared to $655/month in Grafton — a 19% difference. Interestingly, home values tell a different story: while Grafton has cheaper rent, Albert City actually has lower median home values ($92,500 vs $94,600).

Median household income in Albert City is $76,094 compared to $52,188 in Grafton (+45.8%). While Albert City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albert City spend roughly 12.3% of their income on rent, less than the 15.1% in Grafton.