Economy in Albany, Minnesota
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Economy
| Unemployment Rate | 7.20% | 9.10% |
| Recent Job Growth | 1.51% | -0.12% |
| Future Job Growth | 35.82% | 31.25% |
| Sales Taxes | 6.50% | 6.80% |
| Income Taxes | 7.85% | 6.25% |
| Income per Cap. | $20,416 | $27,067 |
| Household Income | $38,395 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 16.54% | 12.10% |
| Income between 15K and 25K | 18.98% | 10.18% |
| Income between 25K and 35K | 10.43% | 10.56% |
| Income between 35K and 50K | 18.65% | 14.98% |
| Income between 50K and 75K | 18.76% | 19.53% |
| Income between 75K and 100K | 8.88% | 12.52% |
| Income between 100K and 150K | 5.55% | 12.14% |
| Income between 150K and 250K | 1.22% | 3.91% |
| Income between 250K and 500K | 0.89% | 3.34% |
| Income greater than 500K | 0.11% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 8.23% | 13.81% |
| Professional and Related Occupations | 17.31% | 22.68% |
| Service | 22.44% | 14.51% |
| Sales and Office | 24.04% | 25.22% |
| Farming, Fishing, and Forestry | 0.64% | 0.68% |
| Construction, Extraction, and Maintenance | 8.44% | 9.37% |
| Production, Transportation, and Material Moving | 24.25% | 15.86% |
The unemployment rate in Albany, MN, is 7.20%, with job growth of 1.51%. Future job growth over the next ten years is predicted to be 35.82%.
Albany, MN Taxes
Albany, MN,sales tax rate is 6.50%. Income tax is 7.85%.
Albany, MN Income and Salaries
The income per capita is $20,416, which includes all adults and children. The median household income is $38,395.
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