Cost of Living in Albia, IA

Population 3,688 · Iowa · Data vintage 2023

51
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing costs in Albia stay well under national norms: a median home value of $133,000 against median household incomes of $67,791 gives the city one of the more comfortable price-to-income ratios in Iowa.

Located 55 miles southeast of Des Moines, Albia is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 28% lower than Des Moines' $184,000.

Cost Overview

Housing 43
Rent 61

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Albia

The median home value in Albia is $132,500 — 57% below the national median of $305,000. Median rent runs $803/month, 39% lower than the national median of $1,314/month. The median household income of $67,791/year is 9% lower than the US median of $74,580. The local unemployment rate is 3.4%, below the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. The climate averages highs of 61.2°F and lows of 40.2°F, with about 23.6" of annual snowfall. Overall, Albia has a cost of living index of 51 versus the US average of 100, meaning it is 49% less expensive.

🏠 Housing

Median Home Value
$132,500
57% below avg
Zillow Home Value
$341,571
Zillow ZHVI
Median Rent
$803/mo
39% below avg
Price-to-Rent Ratio
13.8x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$646
1 BR
$716
2 BR
$877
3 BR
$1,170
4 BR
$1,287
Owner-occupied 77.4%
Renter-occupied 22.6%

💰 Estimated Monthly Budget

Rent median rent
$803
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,417/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.8 min
8% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.6%

Commute Mode

Drove alone
80.3%
Carpooled
5.5%
Walked
4.6%
Work from home
9.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.7%
Total Sales Tax 6.9%
State rate 6.0%
Avg local rate 0.9%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$67,791
9% below avg
Per Capita Income
$34,558
Unemployment Rate
3.4%
29% below avg
Poverty Rate
10.9%
Labor Force Participation
59.4%

🎓 Education

Bachelor's degree+ 17.0%
Graduate degree 6.4%

👥 Demographics

Median Age 42.7
Male median age 37
Female median age 49

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
61.2°F
Avg Low
40.2°F
Annual Precip
37"
Annual Snowfall
23.6"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 323750637382868477645037
Low °F 141829395161656253423020
Precip" 1.011.412.243.755.035.383.874.443.502.812.091.44
Snow" 7.15.83.01.40.00.00.00.00.00.51.64.2

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
15.8:1
Student-teacher ratio
5
Public schools
1,198
Total enrollment

Frequently Asked Questions

What is the cost of living in Albia, IA?

Albia has a cost index of 51 (100 = national average). It is 49% below the national average.

What is average rent in Albia, IA?

The median gross rent in Albia is $803 per month based on 2023 Census data.

What is the average home price in Albia?

The median home value in Albia is $132,500 according to Zillow and Census data.

What is the median income in Albia?

The median household income in Albia is $67,791 per year (2023 ACS 5-year estimates).

What is the sales tax in Albia, IA?

The combined state and local sales tax rate in Albia is 6.9%. The Iowa state income tax top rate is 5.7%.

Is Albia, IA affordable?

Yes, Albia is generally considered affordable, with a cost of living index of 51 — about 49% below the US national average of 100.

What is the weather like in Albia?

Albia has average high temperatures of 61.2°F and average lows of 40.2°F. Annual precipitation is 37". Average annual snowfall is 23.6". Data from NOAA 1991–2020 Climate Normals.

Albia at a Glance

Population
3,688
Median Income
$67,791
Home Value
$132,500
Median Rent
$803/mo
Unemployment
3.4%
Avg High Temp
61.2°F
Sales Tax
6.9%
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