Albany, MO (zipcode 64402) has an average two bedroom rent of $750, which is significantly lower than the national average of $1,430. The cost of groceries in Albany is also much lower than the national average with a grocery cost index rating of 94 versus 100 in the US. As such, Albany is an ideal place for those who are looking to save money on housing and living expenses. In terms of local companies, there is something for everyone in Albany. From local convenience stores such as Walmart and Dollar General to restaurants like Subway and McDonald’s to construction companies like Albany Construction Co., there is something for everyone in this small city.
Albany (zip 64402) has an unemployment rate of 2.6%. The US average is 6.0%.
Albany (zip 64402) has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Albany (zip 64402)
- The Sales Tax Rate for Albany (zip 64402) is 7.2%. The US average is 7.3%.
- The Income Tax Rate for Albany (zip 64402) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albany (zip 64402)
- The average income of a Albany (zip 64402) resident is $22,970 a year. The US average is $37,638 a year.
- The Median household income of a Albany (zip 64402) resident is $44,388 a year. The US average is $69,021 a year.