Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Health & Safety
A high score in the health and safety category is a result of good air quality and the accessibility to health facilities such as hospitals, clinics, doctors, pharmacies and fire stations.
Ratings
Local residents have positive things to say about the proximity of restaurants, grocery stores, parks, public transit, friendliness of neighbors, sense of community and overall safety of the area.
Crime
This area is reporting high crime rates per 100,000 people and could signify that it is a dangerous place to live. Crime rates include both violent and property crimes.
Employment
A low score in the employment category could indicate that this area struggles with high unemployment rates and low household income and income per capita levels.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Albion, Michigan is a smaller city with a population of 8,380 residents. If you are a young adult or student, you might be pleased to know that the average age of all Albion residents is 29. Albion is very likely to be a great place to live for singles as only 37%, of the population (over fifteen) are classified as married. If you are not a fan of long commutes, you will enjoy living in Albion. With an average one way commute time of only 19 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Albion could be a positive experience compared to other cities in Michigan if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. Using the livability score which includes data from categories like amenities, crime, cost of living, employment, housing, you can easily compare the best places to live in Albion and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Albion to Michigan and the national average.
Albion has a livability score of 71 out of 100 and is ranked #243 in Michigan and #5,743 in the USA. If we dig a little deeper into each category within the livability score, we see that Albion has higher than average scores for the following: housing (B+). There are some categories that Albion scores poorly for, including: crime (F), education (F) and employment (F). It might be worth taking a closer look to figure out why.
The impact of the cost of living on your monthly financial situation cannot be overstated. Whether it's housing expenses, grocery bills or healthcare costs, it's crucial to ensure that your chosen place of residence is not only comfortable but also affordable. Fortunately, in Albion, the cost of living is 26.13% below the national average, offering the assurance that after meeting your financial obligations, there may be a surplus left in your wallet. This financial advantage not only promotes financial stability but also opens up opportunities for savings and a better quality of life. In a world where expenses can be overwhelming, Albion stands out as a place where you can enjoy both comfort and fiscal responsibility, ensuring a brighter financial future.
Finding affordable real estate and housing in Albion can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Albion is actually affordable. The median home price for Albion homes is $58,500, which is 54.2% lower than the Michigan average. If we take a closer look at the affordability of homes in Albion, we’ll see that the home price to income ratio is 1.7, which is 32% lower than the Michigan average.
| Statistic | Albion | Michigan | National |
| Average one way commute | 19min | 24min | 26min |
| Workers who drive to work | 68.9% | 82.5% | 76.4% |
| Workers who carpool | 7.9% | 8.8% | 9.3% |
| Workers who take public transit | 0.8% | 1.4% | 5.1% |
| Workers who bicycle | 1.5% | 0.5% | 0.6% |
| Workers who walk | 15.1% | 2.2% | 2.8% |
| Working from home | 5.6% | 3.7% | 4.6% |
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