Albert Lea, MN (56007) has much to offer potential renters. It has an average 2 bedroom rent of just $890, which is much lower than the national average rent of $1,430. This makes Albert Lea very attractive to people looking for an affordable place to live. Groceries costs in Albert Lea are also relatively inexpensive compared to the rest of the US with a grocery cost index rating of 94 versus 100 in the US.
The city is known for its vibrant urban park area and outdoor activities on Fountain Lake and Albert Lea Lake. Local companies include Jennie-O Turkey Store, Green Mill Restaurant & Bar, Seiter Sanitation & Recycling, Midwest Medical Center and Schoneman Realtors Inc. Additionally there are many stores and restaurants that are sure to capture your attention such as Zebra Lounge & Grill and Hy-Vee Food Store. All these attractions make Albert Lea a great location for living and renting.
Albert Lea (zip 56007) has an unemployment rate of 4.5%. The US average is 6.0%.
Albert Lea (zip 56007) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Albert Lea (zip 56007)
- The Sales Tax Rate for Albert Lea (zip 56007) is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Albert Lea (zip 56007) 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 Albert Lea (zip 56007)
- The average income of a Albert Lea (zip 56007) resident is $31,667 a year. The US average is $37,638 a year.
- The Median household income of a Albert Lea (zip 56007) resident is $55,450 a year. The US average is $69,021 a year.