Alba, MI is a charming small town located in Michigan. It has 2 bedroom rent prices that are lower than the US average, at $890 compared to $1,430. Additionally, Alba's Grocery Cost Index stands at 88 compared to 100 in the US. This means that residents of Alba can enjoy great value for their money when it comes to groceries and other essential items. There are many local businesses and companies in Alba including a grocery store, a bank, a cafe, and several restaurants. The cost of living in Alba is very reasonable and combined with its friendly environment makes this small town an attractive place to live.
Alba has an unemployment rate of 7.8%. The US average is 6.0%.
Alba has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Alba
- The Sales Tax Rate for Alba is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alba is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alba
- The average income of a Alba resident is $18,350 a year. The US average is $28,555 a year.
- The Median household income of a Alba resident is $71,667 a year. The US average is $69,021 a year.