Albion, IA — income, home value, property tax, and sales tax.
In ZIP 50142, near Albion, households bring in a median of $76,250 a year, with per-capita income at $37,457. A median home value of $145,700 pairs with a county property tax rate of 1.42%, so annual property taxes run roughly $2,070 before any exemptions. Add the 7.00% combined sales tax on purchases, and everyday spending takes a noticeable bite alongside housing costs. Even so, earnings here compare favorably against the home prices, which can leave breathing room for savings, transportation, and other essentials — though sales tax applies broadly, so frequent buyers feel it steadily.
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