Albany, GA is a great place to live for its affordable cost of living. The average 2-bedroom rent here is only $930 compared to the US average of $1,430. Similarly, the grocery cost index in Albany is 93 versus 100 in the US, making groceries here an even better deal. There are many great local companies in Albany such as Proctor & Gamble Manufacturing Co., which manufactures laundry detergent and household cleaning products; and IDEXX Laboratories, which provides diagnostic services for veterinarians. With its low rent and grocery costs, Albany offers an unbeatable quality of life at an unbeatable price.
Albany has an unemployment rate of 6.7%. The US average is 6.0%.
Albany has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albany is 6.0%. 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 $17,064 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $40,036 a year. The US average is $69,021 a year.