Albany, Louisiana is a small town in the northwest corner of the state with a population of 70711. The area offers affordable housing options with the average two bedroom rent at $830 compared to the US average of $1,430. Grocery costs are also lower than elsewhere in the US with an index of 95 versus 100.
The local economy is mostly built on agriculture as well as oil production and timbering. There are several companies located in Albany such as Coburn Supply Company, M&M Timber Industries, Buddy's Boys Farm and Garden Center, and Foshee Oil Company that provide jobs to the residents.
In terms of activities for residents to partake in there are plenty of outdoor options such as wildlife watching tours at Lacassine National Wildlife Refuge or Cajun Country Swamp Tours which offer an up close look at Louisiana’s swamps. For those looking for more urban activities there is also a movie theater in town where visitors can catch their favorite films.
Overall Albany offers low housing costs, local businesses providing jobs, and plenty of outdoor activities making it a great destination for people looking to move out of large cities into smaller towns but still need access to jobs and recreational activities.
Albany (zip 70711) has an unemployment rate of 4.2%. The US average is 6.0%.
Albany (zip 70711) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 70711)
- The Sales Tax Rate for Albany (zip 70711) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 70711) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 70711)
- The average income of a Albany (zip 70711) resident is $23,151 a year. The US average is $28,555 a year.
- The Median household income of a Albany (zip 70711) resident is $82,921 a year. The US average is $69,021 a year.