Albion, IA vs Lisbon, IA

Albion is moderately more affordable than Lisbon, with a 9.9% lower cost of living index. Albion scores 65 compared to 72 for Lisbon, where the US average is 100. This difference means residents of Lisbon can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albion is $810/month compared to $792/month in Lisbon — a 2% difference. Interestingly, home values tell a different story: while Lisbon has cheaper rent, Albion actually has lower median home values ($105,400 vs $202,600).

Median household income in Albion is $73,750 compared to $83,125 in Lisbon (-11.3%). While Lisbon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albion spend roughly 13.2% of their income on rent, more than the 11.4% in Lisbon.