Zip 31721 (Albany, GA) Economy


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Albany, Georgia is located in the state of Georgia with a population of 77,434 according to 2019 census data. The average 2 bedroom rental price in Albany is $1,050, which is significantly lower than the national average of $1,430. The grocery cost index in Albany is 97 compared to the US figure of 100 - making it an excellent place for those on a budget. Local companies include Procter & Gamble Manufacturing Company, Shire Pharmaceuticals LLC and Quality Peanut Corporation. There are many opportunities to find work and save money on living expenses while doing so.

Albany (zip 31721) has an unemployment rate of 6.7%. The US average is 6.0%.

Albany (zip 31721) has seen the job market increase by 1.6% 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 31721)
- The Sales Tax Rate for Albany (zip 31721) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 31721) 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 31721)
- The average income of a Albany (zip 31721) resident is $29,623 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 31721) resident is $70,072 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlbany, GeorgiaUnited States
  6.76
  -4.1%-6.2%
  35.7%33.5%
  7.0%6.2%
  5.8%4.6%
  $38,399$37,638
  $70,072$69,021
  $77,906$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  4.9%6.8%
  7.4%10.0%
  2.0%2.5%
  9.8%11.0%
  4.2%4.8%
  0.2%0.8%
  2.2%1.9%
  3.3%4.7%
  2.2%1.9%
  6.5%7.6%
  0.0%0.1%
  3.7%4.2%
  14.4%9.3%
  16.3%14.0%
  1.4%2.1%
  7.5%7.0%
  4.7%4.8%
  7.8%4.7%
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