Albion, IN vs Elberfeld, IN

Elberfeld is moderately more affordable than Albion, with a 10.6% lower cost of living index. Albion scores 70 compared to 64 for Elberfeld, where the US average is 100. This difference means residents of Albion can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albion is $875/month compared to $625/month in Elberfeld — a 40% difference. Interestingly, home values tell a different story: while Elberfeld has cheaper rent, Albion actually has lower median home values ($138,200 vs $161,900).

Median household income in Albion is $67,687 compared to $101,964 in Elberfeld (-33.6%). Elberfeld offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albion spend roughly 15.5% of their income on rent, more than the 7.4% in Elberfeld.