Cost of Living: Albert lea, MN vs Bessemer, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Albert lea | Bessemer |
|---|---|---|
| Housing Index | 90.0 | 85.0 |
| Median Home Price | $225,000 | $162,000 |
| Average Rent (2 BR Apartment) | $1050 | $1080 |
| Average Rent (2 BR House) | $1200 | $1105 |
Housing Comparison: Albert lea vs Bessemer
- In Albert lea, the median home price is higher at $225,000, while in Bessemer it is $162,000.
- In Bessemer, the rental for a two-bedroom apartment stands at $1,080, while it is $1,050 in Albert lea.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Albert lea | Bessemer |
|---|---|---|
| Electricity Price | $16.38 | $15.03 |
| Natural Gas Price | $14.87 | $21.76 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Albert lea vs Bessemer
- Electricity costs are higher in Albert lea at $16.38 per kWh, compared to $15.03 in Bessemer.
- Bessemer experiences higher natural gas costs at $21.76 per unit, with costs at $14.87 in Albert lea.
- Utility expenses are equal in both Albert lea and Bessemer averaging $250.