Albert City, IA is an affordable city to live in with a 2 bedroom rent of $820 compared to the US rent of $1,430. The cost of living is also relatively low as evidenced by the Grocery Cost Index at 93 compared to 100 in the US. Albert City, IA is home to several businesses such as Acme Pharmacy, Brown's Automotive Repair and Smiths Electronics. These companies provide essential products and services that help make life easier for the people who live in this small community.
Albert City has an unemployment rate of 3.0%. The US average is 6.0%.
Albert City 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 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Albert City
- The Sales Tax Rate for Albert City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albert City 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 Albert City
- The average income of a Albert City resident is $21,774 a year. The US average is $28,555 a year.
- The Median household income of a Albert City resident is $69,167 a year. The US average is $69,021 a year.