Albion, IA — income, home value, property tax, and sales tax.
With a median household income of $91,875 and per-capita income of $44,732, ZIP code 50247 sits in middle- to upper-middle-income territory. Homes near Albion carry a median value of $181,300, and the county-level property tax rate of 1.42% means owners pay roughly $2,575 annually on a house at that price. Add a 7.00% combined sales tax on purchases, and the overall tax picture stays fairly balanced against local earnings. This is a community where incomes run ahead of home prices, which keeps property taxes from weighing too heavily on household finances.
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