Albany, KY (42602) is a small town located in Clinton County with a population of around 2000 people. Rent for a two bedroom apartment is $760 which is significantly lower than the US average of $1,430. Grocery costs are also relatively low, with an index score of 92 compared to the national average of 100. The local economy relies heavily on the agriculture industry with key employers including Kentucky Harvest Foods and Shearer’s Snacks. Other key local services such as medical care and religion are provided by Albany Medical Center and Albany United Methodist Church respectively.
Albany (zip 42602) has an unemployment rate of 4.5%. The US average is 6.0%.
Albany (zip 42602) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 42602)
- The Sales Tax Rate for Albany (zip 42602) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 42602) is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 42602)
- The average income of a Albany (zip 42602) resident is $17,113 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 42602) resident is $34,925 a year. The US average is $69,021 a year.