Albert, MI is a small town located in the central lower peninsula. It is known for its friendly environment and low cost of living. The average 2 bedroom rent in Albert is $770 which is significantly less than the US average of $1,430. Additionally, the Grocery Cost Index in Albert is 90 as opposed to 100 in the US, indicating that food costs are lower there than anywhere else. There are several local companies operating within Albert including World Naturals, Pigeon River Produce Company, and Great Lakes Coffee Roasting Company who all provide jobs and services to the community. All in all, Albert offers a great quality of life due to its low cost of living and welcoming atmosphere.
Albert has an unemployment rate of 10.2%. The US average is 6.0%.
Albert has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Albert
- The Sales Tax Rate for Albert is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albert 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 Albert
- The average income of a Albert resident is $28,690 a year. The US average is $37,638 a year.
- The Median household income of a Albert resident is $48,650 a year. The US average is $69,021 a year.