Cost of Living in Albion, MI
Population 7,608 · Michigan · Data vintage 2023
(100 = US avg)
At $40,040, median household incomes in Albion land roughly 46% below the US median, a gap that tends to persist across local labor-market indicators. A poverty rate near 27% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Albion is about 35 miles southwest of Lansing, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 24% lower than Lansing's $119,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Albion
The median home value in Albion is $91,100 — 70% below the national median of $305,000. Median rent runs $769/month, 41% lower than the national median of $1,314/month. The median household income of $40,040/year is 46% lower than the US median of $74,580. The local unemployment rate is 13.8%, above the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Albion has a cost of living index of 41 versus the US average of 100, meaning it is 59% less expensive.
Albion has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Albion, MI?
Albion has a cost index of 41 (100 = national average). It is 59% below the national average.
What is average rent in Albion, MI?
The median gross rent in Albion is $769 per month based on 2023 Census data.
What is the average home price in Albion?
The median home value in Albion is $91,100 according to Zillow and Census data.
What is the median income in Albion?
The median household income in Albion is $40,040 per year (2023 ACS 5-year estimates).
What is the sales tax in Albion, MI?
The combined state and local sales tax rate in Albion is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Albion, MI affordable?
Yes, Albion is generally considered affordable, with a cost of living index of 41 — about 59% below the US national average of 100.
Albion at a Glance
- Population
- 7,608
- Median Income
- $40,040
- Home Value
- $91,100
- Median Rent
- $769/mo
- Unemployment
- 13.8%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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