Cost Of Living in Albion, NE

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Albion	Nebraska	National
Cost of living	84	89	100
Goods & Services	90	96	100
Groceries	93	96	100
Health care	97	98	100
Housing	70	76	100
Transportation	96	100	100
Utilities	80	86	100

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Cost Of Living Quick Facts

The cost of living in Albion is 6% lower than the Nebraska average
The cost of living in Albion is 16% lower than the national average
Albion housing is 30% lower than the national average
Nebraska general sales tax is 8% higher than the national average
Nebraska state income tax is 5% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,000	$6,167	$1,727	$2,220
Renters	$35,500	$2,958	$828	$1,065

Nebraska Sales Tax

State	General Sales Tax	With Max Surtax
Nebraska	5.5%	7.5%

Nebraska Income Tax

State	Income Tax (Low)	Income Tax (High)
Nebraska	2.46%	6.64%

Goods & Services

Item	Albion	National avg.	Difference
Haircut	$17.50	$24.26	27.9%
Beauty Salon	$28.75	$45.56	36.9%
Toothpaste	$3.67	$3.70	1.0%
Shampoo	$0.98	$1.28	23.5%
Movie	$9.10	$12.13	25.0%
Bowling	$11.33	$18.00	37.0%

Groceries

Item	Albion	National avg.	Difference
Ground Beef	$6.66	$5.84	14.0%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.49	$4.67	4.0%
Potatoes	$4.49	$4.93	9.1%
Pizza	$11.34	$12.09	6.2%
Beer	$9.34	$10.41	10.3%

Health Care

Item	Albion	National avg.	Difference
Optometrist	$128.50	$125.68	2.2%
Doctor	$139.89	$135.78	3.0%
Dentist	$97.50	$113.29	13.9%
Ibuprofen	$10.22	$10.65	4.0%
Lipitor	$518.77	$468.60	10.7%

Housing

Item	Albion	National avg.	Difference
Home Price	$134,700.00	$184,700.00	27.1%
Avg. Mortgage Payment	$1,926.53	$2,346.69	17.9%
Apartment Rent	$603.00	$949.00	36.5%

Transportation

Item	Albion	National avg.	Difference
Gasoline	$3.36	$3.46	2.9%
Tire Balancing	$55.44	$59.92	7.5%

Utilities

Item	Albion	National avg.	Difference
All Electricity	$126.33	$193.99	34.9%
Phone	$199.27	$192.25	3.7%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Raeville, NE	0	90	9.6%
Loretto, NE	112	90	9.6%
Belgrade, NE	183	69	31.4%
Primrose, NE	74	73	27.4%
Newman Grove, NE	891	77	22.8%
Albion, NE	1,511	84	15.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Brookfield, MA	1,511	112	11.8%
Dobson, NC	1,511	91	9.2%
St. Stephen, SC	1,511	89	10.8%
Westlake, TX	1,511	376	276.3%
Delft Colony, CA	1,512	109	8.8%
Albion, NE	1,511	84	15.7%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Albion, NE