Albion, IA — income, home value, property tax, and sales tax.
In ZIP code 50120, near Albion, households earn a median of $142,662, while per-capita income sits at $40,330. A median home value of $177,000 pairs with a county effective property tax rate of 1.42%, and the combined sales tax rate reaches 7.00%. That mix means property taxes on a median-priced home stay tied to a fairly contained home value, even as sales tax applies to everyday purchases at a rate of seven cents per dollar. With income well above the home value, the overall picture leans on earning power outpacing housing costs across this area.
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