Albion, Pennsylvania is a small town located in the northwestern part of the state. It has a population of about 1,640 residents and is home to several local businesses including Corry Manufacturing Company, Albion Self Storage, and Great Lakes Regional Sterilizer Service. The cost of living in Albion is relatively low as compared to other parts of the country; for example, 2 bedroom rent averages around $830 per month whereas it averages out at around $1,430 per month in the United States as a whole. Additionally, the grocery cost index in this area is 95 versus 100 in the US overall. This makes it a great option for those looking for an affordable place to live with plenty of amenities available nearby.
Albion (zip 16401) has an unemployment rate of 9.1%. The US average is 6.0%.
Albion (zip 16401) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Albion (zip 16401)
- The Sales Tax Rate for Albion (zip 16401) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Albion (zip 16401) is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Albion (zip 16401)
- The average income of a Albion (zip 16401) resident is $28,217 a year. The US average is $37,638 a year.
- The Median household income of a Albion (zip 16401) resident is $62,026 a year. The US average is $69,021 a year.