Alba, MO is a small town located in the northwest corner of Missouri with an estimated population of 143 people. The cost of living in Alba is quite reasonable as two bedroom rental properties are only around $950 per month compared to the US average of $1,430. Similarly, the grocery cost index in Alba is 92 compared to 100 for the entire nation.
The local economy is primarily supported by agriculture and tourism. Additionally, there are several businesses that call Alba home, including Petersons Cafe & Bakery, Farmers Bank & Trust, and Foxy's Quick Stop convenience stores. These local companies provide key services to both locals and visitors alike.
Alba has an unemployment rate of 3.9%. The US average is 6.0%.
Alba has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Alba
- The Sales Tax Rate for Alba is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Alba is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alba
- The average income of a Alba resident is $17,717 a year. The US average is $28,555 a year.
- The Median household income of a Alba resident is $42,857 a year. The US average is $69,021 a year.