Albion, IN is a small town located in northeast Indiana. It has a population of around 3,300 people and is known for its rural charm and friendly atmosphere. The cost of living in Albion is quite low compared to the national average, with two-bedroom apartment rents averaging $880 per month. Additionally, the Grocery Cost Index in Albion is 92, versus 100 in the US.
Albion offers a variety of local businesses and amenities to meet the needs of its residents. Popular eateries include Margarita's Mexican Grill and DeRosa's Italian Restaurant. For entertainment, there's the Albion Cinema 4 movie theater and Tri-City Bowl bowling alley. Other popular attractions include the Allen County Fairgrounds and Greenfield Park Golf Course.
Albion has an unemployment rate of 4.2%. The US average is 6.0%.
Albion has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Albion
- The Sales Tax Rate for Albion is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albion is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albion
- The average income of a Albion resident is $18,933 a year. The US average is $28,555 a year.
- The Median household income of a Albion resident is $54,271 a year. The US average is $69,021 a year.