Albany, OR is a great place to call home. The cost of living is quite low compared to the national average; two bedroom rent in Albany is $1,230 while it is $1,430 nationally. The Grocery Cost Index in Albany is also 100 versus 100 for the US. There are many local businesses in Albany including Arnie's Restaurant, True Value Hardware Store, and Pacific Office Automation. These businesses boast friendly customer service and offer competitive prices on products and services. With its competitive cost of living and many great local businesses, Albany provides an ideal place to live or visit.
Albany has an unemployment rate of 6.5%. The US average is 6.0%.
Albany has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Albany is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany
- The average income of a Albany resident is $22,128 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $65,587 a year. The US average is $69,021 a year.