Albany, NE is a charming small town located in eastern Nebraska. It has a population of around 500 people, with many locals engaged in the farming industry. The cost of living here is very affordable compared to the US average - for example, the 2 bedroom rent is only $810 as opposed to the US average of $1,430. Additionally, the grocery cost index in Albany, NE is 92 versus 100 in the US. This helps make it attractive for those looking to move to a small town while still having access to basic amenities. Local businesses that operate within Albany include Elwood's Auto Repair Shop and LJ Wagon Wheel Groceries & Meats. With its friendly atmosphere and reasonable cost of living, Albany is an ideal home for those looking to get away from it all.
Albany has an unemployment rate of 2.2%. The US average is 6.0%.
Albany has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Albany
- The Sales Tax Rate for Albany is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Albany is 6.8%. 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 $22,723 a year. The US average is $37,638 a year.
- The Median household income of a Albany resident is $0 a year. The US average is $69,021 a year.