Albia, IA vs Mount Pleasant, IA

Albia, IA and Mount Pleasant, IA have a very similar cost of living, with only a 0.8% difference in their overall index. Albia scores 67 while Mount Pleasant scores 68 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 Albia is $803/month compared to $773/month in Mount Pleasant — a 4% difference. Interestingly, home values tell a different story: while Mount Pleasant has cheaper rent, Albia actually has lower median home values ($132,500 vs $145,600).

Median household income in Albia is $67,791 compared to $59,216 in Mount Pleasant (+14.5%). Albia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albia spend roughly 14.2% of their income on rent, less than the 15.7% in Mount Pleasant.