Cost of Living in Albers, IL

With a cost of living index of 83, Albers, IL is a very affordable place to live. Living here is 17% cheaper than the national average and 3% above the Illinois state average of 80. Albers is a small community of 1,428 residents.

Housing costs are the biggest factor in Albers's cost of living. The median monthly rent is $1,080 (18% below the US median of $1,319), and the median home value sits at $209,000 (31% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Albers is $116,691, which is 55% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the St. Louis, MO-IL (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.