Albany, VT (05820) is a small town located in the beautiful state of Vermont. The median 2 Bedroom Rent for Albany is $930 compared to the US average of $1,430. This makes housing more affordable and accessible in Albany. Moreover, grocery costs are reported with a Grocery Cost Index of 105 versus 100 in the US, which indicates that groceries cost slightly more in Albany. There are several local businesses offering various services such as Ace Hardware, Green Mountain Auto Parts, and Albany Country Store. These stores provide citizens with quality products and services ranging from automotive to home improvement needs.
Albany (zip 05820) has an unemployment rate of 4.5%. The US average is 6.0%.
Albany (zip 05820) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 05820)
- The Sales Tax Rate for Albany (zip 05820) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 05820) 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 (zip 05820)
- The average income of a Albany (zip 05820) resident is $22,305 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 05820) resident is $61,250 a year. The US average is $69,021 a year.