Alba, TX is a small town in Texas that offers an affordable living experience. The average 2 bedroom rent in Alba is $940, which is significantly lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Alba is 95 versus 100 nationally, indicating that groceries are even more affordable here than they are in other places. This makes Alba a great place to live for those looking for budget-friendly options and who don't mind living away from larger cities.\nThere are a number of local businesses in Alba including Texoma Lumber Company, A & R Meat Processing Company, and Fortune’s Best Feed & Supply Inc. These businesses offer important services to the residents of Alba and ensure that the town's economy stays healthy and vibrant.
Alba has an unemployment rate of 7.0%. The US average is 6.0%.
Alba has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Alba
- The Sales Tax Rate for Alba is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Alba is 0.0%. 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 $28,680 a year. The US average is $37,638 a year.
- The Median household income of a Alba resident is $42,885 a year. The US average is $69,021 a year.