Albany, TX is a small town in Shackelford County with a population of 2,000 people. It has many great local companies and attractions for visitors to explore. For example, Albany Country Store is a family-owned store that offers locally produced food items and other products. There's also the Albany Historical Museum, where visitors can learn about the history of the area through artifacts and photographs. Additionally, there's the Shackelford County Fairgrounds which provides outdoor recreation activities like horseback riding and camping. The cost of living in Albany is relatively low compared to other cities in Texas with two bedroom rent at $960 compared to the US average of $1,430 while grocery cost index is at 90 versus 100 in the US. All these make Albany an attractive destination for those looking for a place to live or just visit.
Albany has an unemployment rate of 4.8%. The US average is 6.0%.
Albany has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 11.1%, which is lower than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Albany is 0.0%. 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 $22,768 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $47,583 a year. The US average is $69,021 a year.