Albia, IA is a small town nestled in the heart of Iowa. It's known for its affordable living, with 2 bedroom rent averaging only $800 compared to the US average of $1,430. The grocery cost index in Albia is 94 compared to 100 on average throughout the US. You can find local businesses such as Albia's Family Pharmacy, Elly's Floral Lanes, and Heartland Co-op providing goods and services to the community. With lower cost of living than other towns in the area, Albia is an ideal place for families looking for an affordable place to live.
Albia has an unemployment rate of 4.2%. The US average is 6.0%.
Albia has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 19.2%, which is lower than the US average of 33.5%.
Tax Rates for Albia
- The Sales Tax Rate for Albia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albia 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 Albia
- The average income of a Albia resident is $22,665 a year. The US average is $28,555 a year.
- The Median household income of a Albia resident is $54,282 a year. The US average is $69,021 a year.