Cost of Living: Shelby, IA vs Albert lea, MN
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Shelby | Albert lea |
|---|---|---|
| Housing Index | Data is updating | 90.0 |
| Median Home Price | $174,000 | $225,000 |
| Average Rent (2 BR Apartment) | $Data is updating | $1050 |
| Average Rent (2 BR House) | $Data is updating | $1200 |
Housing Comparison: Shelby vs Albert lea
- The median home price in Albert lea is higher at $225,000, compared to $174,000 in Shelby.
- The rent for a two-bedroom apartment is equal in both Shelby and Albert lea at $0.0.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Shelby | Albert lea |
|---|---|---|
| Electricity Price | $14.82 | $16.38 |
| Natural Gas Price | $15.61 | $14.87 |
| Other Utilities | $Data is updating | $250 |
Utilities Comparison: Shelby vs Albert lea
- Albert lea has higher electricity costs at $16.38 per kWh, versus $14.82 in Shelby.
- Natural gas is more expensive in Shelby at $15.61 per unit, while it is cheaper at $14.87 in Albert lea.
- Utility expenses are equal in both Shelby and Albert lea averaging $0.0.