Albany, Kentucky is a city situated in Clinton County. It is a great place to live for those who are looking for an affordable quality of life. The average two-bedroom rent in this city is $760, which is much lower than the national average of $1,430. Additionally, grocery costs in Albany are less expensive than most places in the US; with the Grocery Cost Index being 92 to 100 compared to the US index. The city is also home to many local companies, such as Fairview Medical Center and Style America Salon & Spa, which provide employment and services to its citizens. Residents of Albany can enjoy nearby state-wide activities such as hiking trails, boating on Lake Cumberland or visiting Dale Hollow Lake State Resort Park. With so much to do to enjoy the outdoors and more it's no surprise that Albany has become a great place for families and individuals alike.
Albany has an unemployment rate of 4.5%. The US average is 6.0%.
Albany has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albany is 6.6%. 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 $19,155 a year. The US average is $37,638 a year.
- The Median household income of a Albany resident is $27,415 a year. The US average is $69,021 a year.