Albion, NE vs Fairmont, NE

There is a significant gap in the cost of living between these two cities. Fairmont is 26.9% cheaper than Albion. With a cost index of 56 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fairmont to Albion should plan for substantially higher expenses across most categories.

On the housing front, median rent in Albion is $731/month compared to $627/month in Fairmont — a 17% difference. Home values follow the same pattern: Fairmont is more affordable at $65,000 median vs $210,800.

Median household income in Albion is $70,761 compared to $67,404 in Fairmont (+5%). Albion does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Albion spend roughly 12.4% of their income on rent, more than the 11.2% in Fairmont.

Climate-wise, both cities share similar average temperatures (49.2°F vs 51.5°F). Fairmont receives more rainfall at 29.5" per year compared to 27" in Albion.