Albion, NE vs Hay Springs, NE
There is a significant gap in the cost of living between these two cities. Hay Springs is 18.1% cheaper than Albion. With a cost index of 60 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hay Springs to Albion should plan for substantially higher expenses across most categories.
On the housing front, median rent in Albion is $731/month compared to $692/month in Hay Springs — a 6% difference. Home values follow the same pattern: Hay Springs is more affordable at $91,900 median vs $210,800.
Median household income in Albion is $70,761 compared to $45,833 in Hay Springs (+54.4%). 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 12.4% of their income on rent, less than the 18.1% in Hay Springs.
Climate-wise, both cities share similar average temperatures (49.2°F vs 48.3°F). Albion receives more rainfall at 27" per year compared to 15.2" in Hay Springs.
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Climate
NOAA 30-year normals (1991-2020)