Albany, CA is a great place to live with plenty of amenities and activities. The cost of living is relatively low for California standards; the median rent for a two bedroom apartment is only $2,530 compared to the nationwide average of $1,430. Additionally, Albany has a grocery cost index of 113, which is higher than the US average of 100.
The city offers many popular shops and restaurants such as Albany Bowl, The Star & Moon Café, Sweet Dreams Café and De Wafelbakkers Frozen Pancakes. There are also several local parks for outdoor activities such as Memorial Park, Cerrito Vista Park and Ohlone Dog Park. For those who enjoy culture there are also small galleries like Albany Art Room and Theater Arts Gallery or the Albany FilmFest that take place each year in April. All in all, Albany is an affordable and vibrant city with plenty to offer its residents.
Albany has an unemployment rate of 6.5%. The US average is 6.0%.
Albany has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 36.8%, which is higher than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Albany is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany
- The average income of a Albany resident is $40,426 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $113,602 a year. The US average is $69,021 a year.