equestId":"23aedbf0-79c2-4f73-9766-728bdd27fdab","resource":"content","data":[{"id":"txt_3d29f87af8e64702ac6f8a2bc2d47604","text":" \n \nWest Albany, MN is a small town situated in Minnesota. It boasts a relatively low cost of living compared to the national average. Rent for two-bedroom homes in West Albany is just $930, while the average two-bedroom rent in the US is $1,430. Additionally, the Grocery Cost Index is 99 versus 100 in the US. This makes it an affordable residence option for many seeking an area to call home. Notable companies like IEA Wind Energy and Plastic Products are located in West Albany and offer employment opportunities to the local community. There are also many family-run businesses such as Baumgartner Bakery that have been around for generations and contribute to the prosperity of this small town.
West Albany has an unemployment rate of 4.4%. The US average is 6.0%.
West Albany has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for West Albany
- The Sales Tax Rate for West Albany is 7.4%. The US average is 7.3%.
- The Income Tax Rate for West Albany is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for West Albany
- The average income of a West Albany resident is $29,969 a year. The US average is $28,555 a year.
- The Median household income of a West Albany resident is $75,000 a year. The US average is $69,021 a year.