New Albin, Iowa is a small town in Allamakee County with a population of approximately 521 people. It offers an affordable cost of living with the average two-bedroom rent being $780 compared to the US average of $1,430. The grocery cost index in New Albin is 95 points, only slightly lower than the 100 points for the country as a whole.
The town of New Albin is home to several businesses, including Main Street Motor Company which offers car sales and services as well as complete tractor repair services. In addition to this there is also Henkel Petroleum Company, which supplies fuel for residential and commercial purposes. Other local amenities include Eagle Lake Resort, offering family vacation rentals on nearly four acres of waterfront property located on Eagle Lake; Waukon Feed Ranch which sells wild bird feed and other pet supplies; and Grace Lutheran Church which provides members with religious services. New Albin offers its residents an affordable lifestyle combined with excellent access to local businesses and amenities.
New Albin (zip 52160) has an unemployment rate of 5.9%. The US average is 6.0%.
New Albin (zip 52160) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for New Albin (zip 52160)
- The Sales Tax Rate for New Albin (zip 52160) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for New Albin (zip 52160) is 9.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for New Albin (zip 52160)
- The average income of a New Albin (zip 52160) resident is $38,997 a year. The US average is $37,638 a year.
- The Median household income of a New Albin (zip 52160) resident is $73,324 a year. The US average is $69,021 a year.