Albany is a city in the southwestern part of Georgia with a population of 73,690. It has an average rent of $1,080 for a two-bedroom apartment, which is significantly lower than the US average for two bedroom apartments at $1,430. It also has a Grocery Cost Index score of 94 compared to 100 for the US. Albany is a great choice for those who want to save money on housing costs while still enjoying all the amenities that this city offers.
Residents of Albany have access to many local companies and services such as Coffee Waves Coffee Shop, Southern Brewing Company, The Catch Seafood & Oyster Bar, Albany Museum of Art, Flint Riverquarium, Chehaw Park Zoo and Albany State University. Additionally there are numerous parks like Radium Springs Park and Veterans Park where people can enjoy the outdoors. With its diverse businesses and attractions, Albany provides plenty of options to suit everyone's taste and budget.
Albany (zip 31707) has an unemployment rate of 6.7%. The US average is 6.0%.
Albany (zip 31707) has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Albany (zip 31707)
- The Sales Tax Rate for Albany (zip 31707) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 31707) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 31707)
- The average income of a Albany (zip 31707) resident is $27,019 a year. The US average is $37,638 a year.
- The Median household income of a Albany (zip 31707) resident is $43,733 a year. The US average is $69,021 a year.