Albee, MI is a small town located in Michigan. It is known for its stunning natural beauty, friendly locals and robust economy. Many businesses have sprung up throughout the area, which are key drivers of the local economy. Two of the most prominent companies in Albee are American Bank and Superior Auto Parts. American Bank offers banking services to both businesses and individuals, while Superior Auto Parts provides auto parts to customers across the area. These two companies bring much-needed money into the community, helping to support local businesses and families alike. The cost of living in Albee is quite affordable; two bedroom rent averages out at $990 per month versus $1,430 for the US average and grocery costs stand at 92 as opposed to 100 for the US average index. This low cost of living makes Albee a great place to live and work for people from all walks of life.
Albee has an unemployment rate of 6.8%. The US average is 6.0%.
Albee has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Albee
- The Sales Tax Rate for Albee is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albee is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albee
- The average income of a Albee resident is $21,427 a year. The US average is $28,555 a year.
- The Median household income of a Albee resident is $53,844 a year. The US average is $69,021 a year.