Albion, ME is an affordable place to live with the 2 Bedroom Rent being only $960 compared to the US average of $1,430. It also has a lower cost of living as evidenced by the Grocery Cost Index in Albion which is 105 compared to 100 in the US.Not only is Albion affordable, but it has plenty of local businesses for residents to take advantage of. For example, there's Pray's Auto Repair which offers oil changes and brake repair services. Big Moose Excavation specializes in land clearing jobs such as forestry mulching and road construction. Finally, there's Paws Up Pet Care that provides pet sitting and grooming services.
Albion has an unemployment rate of 4.7%. The US average is 6.0%.
Albion has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Albion
- The Sales Tax Rate for Albion is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Albion is 7.2%. 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 $23,604 a year. The US average is $28,555 a year.
- The Median household income of a Albion resident is $51,667 a year. The US average is $69,021 a year.