Albion, ID vs Troy, ID
Albion, ID and Troy, ID have a very similar cost of living, with only a 3% difference in their overall index. Albion scores 81 while Troy scores 84 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 $958/month compared to $958/month in Troy — a 0% difference. Interestingly, home values tell a different story: while Troy has cheaper rent, Albion actually has lower median home values ($240,000 vs $270,800).
Median household income in Albion is $73,375 compared to $87,589 in Troy (-16.2%). While Troy 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 15.7% of their income on rent, more than the 13.1% in Troy.
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