Albion, Indiana (46701) is a small city located in Noble County with an estimated population of 2,000 people. The average rent for a two-bedroom apartment is $880, making this area considerably less expensive to live than the United States average of $1,430. Grocery costs are also noticeably lower in Albion compared to the national average index of 100; here it's 92.
For residents looking for work within Albion there are numerous options such as Albion Excavating and Construction Services LLC and Curtis Quality Home Repair & Remodeling. There are also many other local businesses such as Mennonites Country Store & Restaurant and Silver Lake Auto Parts that offer great goods and services to the community.
Overall, Albion is an affordable place to live with many job opportunities and local businesses offering amenities to its citizens. The low rental rates and grocery cost index make this city attractive to those who want to live comfortably without spending a lot of money.
Albion (zip 46701) has an unemployment rate of 4.2%. The US average is 6.0%.
Albion (zip 46701) has seen the job market decrease by -9.6% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Albion (zip 46701)
- The Sales Tax Rate for Albion (zip 46701) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albion (zip 46701) is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albion (zip 46701)
- The average income of a Albion (zip 46701) resident is $29,027 a year. The US average is $37,638 a year.
- The Median household income of a Albion (zip 46701) resident is $65,975 a year. The US average is $69,021 a year.