Albion, NE is a small town located in the Midwest. It is known for its friendly people and quiet atmosphere. The average 2 bedroom rent in Albion is much lower than the US average, at only $820 compared to $1,430. Groceries are also cheaper in Albion thanks to their Grocery Cost Index of 96 compared to 100 nationwide. Local companies in Albion include Auburn Ace Hardware & Garden Center, Quillen Brothers Automotive Services, and Pleasant View Golf Course. Each company provides excellent service and goods that make living in Albion an enjoyable experience.
Albion has an unemployment rate of 1.8%. The US average is 6.0%.
Albion has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Albion
- The Sales Tax Rate for Albion is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albion 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 Albion
- The average income of a Albion resident is $33,512 a year. The US average is $37,638 a year.
- The Median household income of a Albion resident is $62,917 a year. The US average is $69,021 a year.