Cost of Living in Albion, WA

With a cost of living index of 83, Albion, WA is a very affordable place to live. Living here is 17% cheaper than the national average and 37% below the Washington state average of 119. Albion is a small community of 448 residents.

Housing costs are the biggest factor in Albion's cost of living. The median monthly rent is $1,024 (22% below the US median of $1,319), and the median home value sits at $170,800 (44% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Albion is $55,750, which is 26% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Albion. The area sees an average annual temperature of 48.6°F, with summers averaging 65°F and winters around 33°F. Annual rainfall totals 17.5 inches spread over roughly 114 days.

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.