Albany, IL is a small city located in Whiteside County. It has a population of 61230 and is known for its rural charm. The rent for two bedrooms in Albany is $810, far less than the national average of $1,430. Additionally, the grocery cost index for Albany is 93 compared to the United States' 100. This makes Albany an affordable place to live with plenty of local businesses to choose from. Popular companies in the area include Country Financial Insurance, Amboy Bank, and Westminster Christian School. Cost of living comparisons show that it's significantly cheaper to buy groceries in Albany than most places across the country. Furthermore, housing costs are also much lower when compared nationally.
Albany (zip 61230) has an unemployment rate of 5.4%. The US average is 6.0%.
Albany (zip 61230) has seen the job market decrease by -7.8% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 61230)
- The Sales Tax Rate for Albany (zip 61230) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 61230) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 61230)
- The average income of a Albany (zip 61230) resident is $31,628 a year. The US average is $37,638 a year.
- The Median household income of a Albany (zip 61230) resident is $67,721 a year. The US average is $69,021 a year.