Albertville, MN vs Mountain Iron, MN

The cost of living difference between Albertville, MN and Mountain Iron, MN is dramatic. Mountain Iron is 44.3% cheaper than Albertville, a gap that translates to thousands of dollars per year in household expenses. Albertville has a cost index of 105 while Mountain Iron sits at 73, 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 Albertville is $1,385/month compared to $911/month in Mountain Iron — a 52% difference. Home values follow the same pattern: Mountain Iron is more affordable at $180,700 median vs $326,400.

Median household income in Albertville is $126,307 compared to $81,607 in Mountain Iron (+54.8%). While Albertville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albertville spend roughly 13.2% of their income on rent, less than the 13.4% in Mountain Iron.