Albion, IA — income, home value, property tax, and sales tax.
In ZIP code 50632, which takes in Albion, households earn a median of $71,667, or $36,008 per person. Homes here are valued at a median of $132,700, and the county-level property tax rate of 1.38% applies to that figure. Sales tax in the area totals 7.00%, so everyday purchases carry that added cost. Weighing income against both taxes and housing, the picture is one where property levies on a mid-range home and a seven percent sales tax both draw on earnings, while per-capita income sits well below the household median, reflecting the range of circumstances across the area.
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