Albion, CA is a small city located in Mendocino County. The cost of living there is 8.9% higher than the US average and the 2 Bedroom Rent is 48.3% higher than the national average. Albion has an array of local businesses that serve the community including Albion River Inn, Albion Grocery Store, and Black Horse Coffee Lounge. Its economy relies heavily on its fishery industry, with many companies such as Fort Bragg Fish Co., Salt Point Seaweed Company, and Pacific Choice Seafoods providing jobs to locals. Furthermore, its Grocery Cost Index is 109 versus 100 in the US which further illustrates how more expensive it is to live in Albion compared to other parts of the country.
Albion has an unemployment rate of 7.1%. The US average is 6.0%.
Albion has seen the job market decrease by -9.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Albion
- The Sales Tax Rate for Albion is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Albion 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 Albion
- The average income of a Albion resident is $28,273 a year. The US average is $37,638 a year.
- The Median household income of a Albion resident is $0 a year. The US average is $69,021 a year.