Albany, MN is a great place to live for those looking for an affordable cost of living. With a median rent of $810 for a two-bedroom apartment, Albany is significantly cheaper than the US average of $1,430. Similarly, the Grocery Cost Index in Albany is 98 versus 100 in the US, making food more affordable. Additionally, Albany has local companies like Quaife Law Office and Krengel & Company Accounting that provide good jobs and career opportunities to its residents. The city also offers plenty of outdoor activities such as skiing at Mount Ski Gull or kayaking on Lake Ida. All in all, Albany provides plenty of options for fun and affordability while still offering quality jobs to its citizens.
Albany has an unemployment rate of 4.7%. The US average is 6.0%.
Albany has seen the job market decrease by -2.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Albany is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Albany
- The average income of a Albany resident is $33,269 a year. The US average is $37,638 a year.
- The Median household income of a Albany resident is $70,000 a year. The US average is $69,021 a year.