Zip 68620 (Albion, NE) Economy


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United States / Nebraska / No Metro Area / Boone County / Albion / Albion (zip 68620)
Albion, Nebraska, with a population of 68620 people, is situated in Boone County and is known for its small-town friendliness. The average 2 bedroom rent in Albion is $800 per month, which is significantly lower than the US average of $1,430 per month. Furthermore, the Grocery Cost Index in Albion is 96 as opposed to the national index of 100.
One local company providing employment opportunities to the residents of Albion is Thomas Construction Corporation. This business offers both commercial and residential construction services and works closely with local municipalities to improve infrastructure within the city. Other prominent businesses located in Albion include G & S Plumbing & Heating Inc., Easy Auto Glass Repair & Replacement, and 3M Fuel Injection Service & Mower Repair LLC.
Albion also boasts a number of great local services for its residents to enjoy. There are several churches located within the city limits where families can grow their faith together. Additionally, there are plenty of educational opportunities available for children such as the Norris Elementary School and St Mary’s Catholic School. Local parks like Bozalek Park also allow families to get out into nature without leaving town. Last but not least, medical resources such as Boones County Health Care Center provide essential healthcare services to those living in Albion.

Albion (zip 68620) has an unemployment rate of 1.8%. The US average is 6.0%.

Albion (zip 68620) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.

Tax Rates for Albion (zip 68620)
- The Sales Tax Rate for Albion (zip 68620) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Albion (zip 68620) is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Albion (zip 68620)
- The average income of a Albion (zip 68620) resident is $26,115 a year. The US average is $28,555 a year.
- The Median household income of a Albion (zip 68620) resident is $74,896 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlbion, NebraskaUnited States
  1.86
  -1.0%-6.2%
  18.3%33.5%
  7.0%6.2%
  6.8%4.6%
  $40,061$37,638
  $74,896$69,021
  $91,319$85,028
  Population by Occupation
  20.1%1.2%
  0.2%0.5%
  6.6%6.8%
  9.4%10.0%
  1.4%2.5%
  15.4%11.0%
  4.2%4.8%
  2.2%0.8%
  1.7%1.9%
  5.1%4.7%
  1.0%1.9%
  1.3%7.6%
  0.0%0.1%
  1.6%4.2%
  7.9%9.3%
  14.4%14.0%
  0.7%2.1%
  3.4%7.0%
  1.9%4.8%
  1.4%4.7%
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