Albany, GA — income, home value, property tax, and sales tax.
In ZIP code 31701, which takes in part of Albany, homes carry a median value of $94,800, and the county-level effective property tax rate of 1.32% works out to roughly $1,251 a year on a home at that price. With median household income at $35,025 and per-capita income at $25,598, that annual tax bill equals a noticeable share of earnings. Combined with an 8.00% sales tax on purchases, the overall cost of living here presses on households whose incomes are already stretched, even though home prices themselves stay below many parts of the country.
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