50005 Albion, IA is a small rural community located in Marshall County. The town offers a peaceful and relaxed atmosphere for those who enjoy country living. The median 2 bedroom rent in 50005 Albion, IA is $840, which is far below the US median of $1,430. This makes housing affordable for many people looking to move to this town. Additionally, the Grocery Cost Index in 50005 Albion, IA is 93 compared to 100 in the US on average. This means that groceries are relatively cheap here.
Many local businesses have been established in this small rural community including an auto repair shop, a family owned restaurant and several farms. There are also several churches located in this area that provide spiritual services to the locals. In summary, the cost of living is low in 50005 Albion, IA which makes it an attractive option for those looking to live affordably while enjoying a relaxed rural setting with local amenities nearby.
Albion (zip 50005) has an unemployment rate of 7.8%. The US average is 6.0%.
Albion (zip 50005) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Albion (zip 50005)
- The Sales Tax Rate for Albion (zip 50005) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albion (zip 50005) is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albion (zip 50005)
- The average income of a Albion (zip 50005) resident is $28,456 a year. The US average is $37,638 a year.
- The Median household income of a Albion (zip 50005) resident is $65,066 a year. The US average is $69,021 a year.