Albany, MO is a small town located in Gentry County with a population of around 1,000 people. It has an affordable cost of living compared to the US average – 2 Bedroom rent averages at about $750 per month and grocery costs are slightly lower than the national average according to the Grocery Cost Index. The town is home to several local businesses including Albany Superette, a family-run grocery store, Dairy Queen, and Luna's Mexican Restaurant. Local attractions include the Gentry County Historical Society Museum, which features pieces from the town's past, as well as a golf course and community swimming pool at Albany Country Club. Families can also enjoy shopping at nearby outlets or taking trips to nearby historic sites such as Fort Scott National Historic Site.
Albany has an unemployment rate of 2.6%. The US average is 6.0%.
Albany has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Albany 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 Albany
- The average income of a Albany resident is $18,371 a year. The US average is $28,555 a year.
- The Median household income of a Albany resident is $43,182 a year. The US average is $69,021 a year.