Albion, IA vs Mount Ayr, IA

Albion, IA and Mount Ayr, IA have a very similar cost of living, with only a 0.5% difference in their overall index. Albion scores 65 while Mount Ayr scores 65 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 Albion is $810/month compared to $694/month in Mount Ayr — a 17% difference. Interestingly, home values tell a different story: while Mount Ayr has cheaper rent, Albion actually has lower median home values ($105,400 vs $144,500).

Median household income in Albion is $73,750 compared to $68,676 in Mount Ayr (+7.4%). While Albion 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 12.1% in Mount Ayr.