Albertville, MN is a small city located in the northern part of the state. It is close to major cities such as Minneapolis, which makes it an ideal place for those seeking an affordable lifestyle. The two bedroom rent in Albertville is only slightly higher than the national average, making it a great value for those looking to save money when renting. There are several local companies providing goods and services that make up the backbone of the community. For example, there are grocers like Cub Foods, hardware stores like Home Depot and Lowe’s, and restaurants like KFC and Olive Garden. The cost of living in Albertville is quite reasonable given its location near bigger cities. The grocery cost index in Albertville is just above the national average which makes it a great option for those looking to save a few bucks on their groceries compared to other parts of the country.
Albertville has an unemployment rate of 4.5%. The US average is 6.0%.
Albertville has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Albertville
- The Sales Tax Rate for Albertville is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Albertville 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 Albertville
- The average income of a Albertville resident is $32,220 a year. The US average is $28,555 a year.
- The Median household income of a Albertville resident is $79,875 a year. The US average is $69,021 a year.