Albion, IA — income, home value, property tax, and sales tax.
ZIP code 50051, centered on Albion, sits in middle-income territory, with a median household income of $60,000 and per-capita income of $37,563. Homes here carry a median value of $207,000, and the county-level property tax rate of 1.42% translates into a meaningful annual bill on that value. Add a combined sales tax of 7.00%, and the overall tax picture leans toward working- and middle-class households rather than affluent ones. Incomes are steady but not high, so property and sales taxes take a noticeable share of what families earn.
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