Albany, Indiana (47320) is located in Delaware County and is a friendly small town with a population of 430 people. It boasts a rich history with roots dating back to the early 19th century and offers modern amenities you would expect from a small town. The 2 bedroom rent in Albany is $840, which is much more affordable than the US average of $1,430. The Grocery Cost Index in Albany is 92 versus 100 in the US, making groceries more affordable for those who live there.
The city provides many job opportunities in its local businesses such as John's Flower Shop, Brown Landscaping Company, and Gunion Custom Homes. There are also many housing options for those looking to move to or stay in Albany including single family homes, apartments, and mobile homes. Prices vary depending on size and location but are definitively more affordable when compared to surrounding areas. All-in-all Albany provides an affordable living option with plenty of job opportunities and housing options.
Albany (zip 47320) has an unemployment rate of 5.0%. The US average is 6.0%.
Albany (zip 47320) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 47320)
- The Sales Tax Rate for Albany (zip 47320) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 47320) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 47320)
- The average income of a Albany (zip 47320) resident is $30,305 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 47320) resident is $52,951 a year. The US average is $69,021 a year.