Albion, IA — income, home value, property tax, and sales tax.
In ZIP code 50078, which covers Albion, households earn a median of $52,500, while per-capita income sits at $26,081. With a median home value of $75,600 and a county property tax rate of 1.42%, annual property taxes run around $1,074. A 7.00% combined sales tax applies to purchases in the area. That mix leaves a smaller share of income going toward housing costs than in many places, though the sales tax touches everyday spending. Budgets here stretch differently depending on whether a household owns or rents, and on how much of its income goes toward taxable goods.
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