Albany Township, MN is a small town located in the central part of Minnesota. It has an estimated population of 2,605 people and is known for its rural atmosphere and friendly locals. The average rent for a two-bedroom apartment in Albany Township is around $810 per month, much lower than that of the US average of $1,430. The Grocery Cost Index in Albany Township is 98 versus 100 in the US. There are many local businesses based in Albany Township such as McKean's Ice Cream & Coffee Parlor, B&B Motors Inc., Chillin' On Main Street Salon & Spa, and Nature's Way Garden Center & Nursery. Residents enjoy great job opportunities here as well as access to amenities including grocery stores and restaurants.
Albany township has an unemployment rate of 4.7%. The US average is 6.0%.
Albany township 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 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Albany township
- The Sales Tax Rate for Albany township is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Albany township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany township
- The average income of a Albany township resident is $26,172 a year. The US average is $28,555 a year.
- The Median household income of a Albany township resident is $110,438 a year. The US average is $69,021 a year.