At a Glance
Median Income
$56,339
$32,403 per capita
Home Value
$162,500
Zillow: $172,036
Median Rent
$478/mo
31.3% of income on rent
Bachelor's Degree+
32.7%
93.6% high school+
Unemployment
9.3%
14.0% poverty rate
Obesity Rate
33.6%
12.9% smoking rate
How Albany Compares to the U.S. Average
Each bar shows Albany's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Albany a Good Place to Live?
B+
3.7 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Albany residents earn a median household income of $56,339 , which is 25% below the national average of $75,149.
Per capita income is $32,403. The unemployment rate stands at 9.3% (158% above the U.S. rate of 3.6%). 14.0% of residents live below the poverty line. The area is home to 137 business establishments, including 7 restaurants.
Housing & Cost of Living
The median home value in Albany is $162,500 , 42% below the national median of $281,900.
Zillow estimates the typical home at $172,036. Median rent is $478/month, with 31.3% of renters spending more than 30% of income on housing. The cost of living index is 97.1 (100 = national average). The median home was built in 1965.
Education
32.7% of adults in Albany hold a bachelor's degree or higher
(3% below the national average).
93.6% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Albany has an average annual temperature of 64°F (18°C).
Winters average 44°F in January while summers reach 83°F in July. Annual precipitation totals 28.9 inches.
Data Overview
People
Population1,725
Median Age43.2 yrs
Density1,099/mi²
Male / Female48% / 52%
Foreign Born0.0%
Veterans5.4%
Economy
C+
Median Income$56,339
Per Capita$32,403
Unemployment9.3%
Poverty14.0%
County GDP$302M
Avg Weekly Wage$1,445
Housing
A+
Home Value$162,500
Rent$478
Ownership79.3%
Zillow$172,036
Housing Units797
Rent Burden31.3%
Health
Obesity33.6%
Diabetes9.4%
Smoking12.9%
Heart Disease5.1%
Premature Death8,673/100K
Climate
Avg Temp64°F
Rain28.9 in/yr
Elevation1,424 ft
Education
B+
Bachelor's+32.7%
High School+93.6%
Graduate+4.7%
School Score5.6/10
Community
2024 VoteR 91% / D 8%
Commute22 min
Broadband88.7%
Internet Speed30 Mbps
EV Stations2
Libraries1
Did You Know?
Albany was founded in 1874.
The median home in Albany was built in 1965.
The nearest airport is Abilene Regional (31 miles).
The Gini coefficient (income inequality) is 0.439 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
20.2% of the population has a disability.
The county recorded 1 fatal vehicle crashes.