Albion, IL is a small town in the state of Illinois with a population of 62806. As of 2019, the average two-bedroom rent in Albion was $660 which is significantly lower than the US average of $1,430. The Grocery Cost Index for Albion is 92 compared to 100 in the US. Some businesses that are located in Albion include Country Financial, Midland States Bank and Sullivans Foods. There are several other local businesses which provide retail services and amenities to the people who live there.
Albion (zip 62806) has an unemployment rate of 5.3%. The US average is 6.0%.
Albion (zip 62806) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Albion (zip 62806)
- The Sales Tax Rate for Albion (zip 62806) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Albion (zip 62806) 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 Albion (zip 62806)
- The average income of a Albion (zip 62806) resident is $27,904 a year. The US average is $37,638 a year.
- The Median household income of a Albion (zip 62806) resident is $57,578 a year. The US average is $69,021 a year.