Albany, IN

Census Place

2024 Population

2,907

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

49.7

1.58% 1-year decrease

2024 Poverty Rate

6.79%

12% 1-year decrease

2024 Median Household Income

$58,026

2.96% 1-year growth

2024 Median Property Value

$105,200

Population & Diversity

Albany, IN is home to a population of 2.91k people, from which 99.6% are citizens.

As of 2024, 0.757% of Albany, IN residents were born outside of the country (22 people).

In 2024, there were 60 times more White (Non-Hispanic) residents (2.76k people) in Albany, IN than any other race or ethnicity. There were 46 Two Races Excluding Other, & Three or More Races (Non-Hispanic) and 37 White (Hispanic) residents, the second and third most common ethnic groups.

Population & Diversity

Citizenship

99.6%

2024 Citizenship

99.5%

2023 Citizenship

As of 2024, 99.6% of Albany, IN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Albany, IN was 99.5%, meaning that the rate of citizenship has been increasing.

The following chart shows US citizenship percentages in Albany, IN compared to that of it's neighboring and parent geographies.

Diversity

Race and Ethnicity

The 3 largest ethnic groups in Albany, IN

White (Non-Hispanic)
2.76k ± 508
Two Races Excluding Other, & Three or More Races (Non-Hispanic)
46 ± 43
White (Hispanic)
37 ± 42

2.79%

Hispanic Population

81 people

2.79% of the people in Albany, IN are hispanic (81 people).

The following chart shows the 8 races represented in Albany, IN as a share of the total population.

Global Diversity

The PUMS dataset is not available at the Place level, so we are showing data for Indiana.

Most Common Origin

Mexico
111,417 ± 8,128 people
India
37,388 ± 4,734 people
Nigeria
18,164 ± 3,304 people

In 2024, the most common birthplace for the foreign-born residents of Indiana was Mexico, the natal country of 111,417 Indiana residents, followed by India with 37,388 and Nigeria with 18,164.

Foreign-Born Population

0.757%

2024 Foreign-Born Population

22 people

0.737%

2023 Foreign-Born Population

22 people

As of 2024, 0.757% of Albany, IN residents (22 people) were born outside of the United States, which is approximately the same as the national average of 14%. In 2023, the percentage of foreign-born citizens in Albany, IN was 0.737%, meaning that the rate has been increasing.

The following chart shows the percentage of foreign-born residents in Albany, IN compared to that of it's neighboring and parent geographies.

Military

Veterans

Most Common Service Period

Vietnam
147 ± 157
Gulf War (2001-)
31 ± 35
Gulf War (1990s)
23 ± 35

Albany, IN has a large population of military personnel who served in Vietnam, 4.74 times greater than any other conflict.

The chart shows the distribution of veterans by conflict in Albany, IN.

Economy

The economy of Albany, IN employs 1.24k people. In 2024, the largest industries in Albany, IN were Health Care & Social Assistance (248 people), Manufacturing (229 people), and Retail Trade (167 people), and the highest paying industries were Transportation & Warehousing ($65,000), Transportation & Warehousing, & Utilities ($65,000), and Construction ($59,821).

Employment

Occupations

1.24k

2024 Value

± 216

−0.48%

1 Year decline

± 24.4%

From 2023 to 2024, employment in Albany, IN declined at a rate of −0.48%, from 1.25k employees to 1.24k employees.

The most common job groups, by number of people living in Albany, IN, are Production Occupations (156 people), Office & Administrative Support Occupations (147 people), and Sales & Related Occupations (116 people). This chart illustrates the share breakdown of the primary jobs held by residents of Albany, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

1.24k

2024 Value

± 216

−0.48%

1 Year decline

± 24.4%

From 2023 to 2024, employment in Albany, IN declined at a rate of −0.48%, from 1.25k employees to 1.24k employees.

The most common employment sectors for those who live in Albany, IN, are Health Care & Social Assistance (248 people), Manufacturing (229 people), and Retail Trade (167 people). This chart shows the share breakdown of the primary industries for residents of Albany, IN, though some of these residents may live in Albany, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$49,682

Median earning men ± $7,764

$36,905

Median earning women ± $10,748

The industries with the best median earnings for men in 2024 are Construction ($98,359), Transportation & Warehousing, & Utilities ($72,813), and Professional, Scientific, & Management, & Administrative & Waste Management Services ($62,708).

The industries with the best median earnings for women in 2024 are Finance & Insurance, & Real Estate & Rental & Leasing ($56,161), Educational Services, & Health Care & Social Assistance ($42,845), and Manufacturing ($40,417).

Housing & Living

The median property value in Albany, IN was $105,200 in 2024, which is 0.316 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $103,600 to $105,200, a 1.54% increase. The homeownership rate in Albany, IN is 81.6%, which is higher than the national average of 65.2%.

People in Albany, IN have an average commute time of 31.8 minutes, and they drove alone to work. Car ownership in Albany, IN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$105,200

Median Property Value 2024

±$10,193

$1,043

Median Property Taxes

±$244

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Albany, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Albany, IN compared to it's parent and neighbor geographies.

Rent vs Own

81.6%

Homeownership

2024

67.6%

Homeowners with Mortgage

2024

In 2024, 81.6% of the housing units in Albany, IN were occupied by their owner. This percentage declined from the previous year's rate of 81.9%.

This chart shows the percentage of owner in Albany, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$58,026

Median Household Income

± $4,098

1.28k

Number of Households

± 244

In 2024, the median household income of the 1.28k households in Albany, IN grew to $58,026 from the previous year's value of $56,356.

The following chart displays the households in Albany, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $50k - $60k range.

Wage Distribution

The closest comparable wage GINI for Albany, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (79.7%)
Worked At Home (10%)
Carpooled (8.19%)

In 2024, 79.7% of workers in Albany, IN drove alone to work, followed by those who worked at home (10%) and those who carpooled to work (8.19%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

31.8 minutes

Average Travel Time

Using averages, employees in Albany, IN have a longer commute time (31.8 minutes) than the normal US worker (26.4 minutes). Additionally, 3.13% of the workforce in Albany, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Albany, IN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Albany, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Albany, IN have 2 cars.

Poverty

Poverty & Diversity

6.79% of the population for whom poverty status is determined in Albany, IN (191 out of 2.81k people) live below the poverty line, a number that is lower than the national average of 12.5%. The largest demographic living in poverty are Females 65 - 74, followed by Males 35 - 44 and then Males 65 - 74.

The most common racial or ethnic group living below the poverty line in Albany, IN is White, followed by Pacific Islander and Black.

The Census Bureau uses a set of money income thresholds that vary by family size and composition to determine who classifies as impoverished. If a family's total income is less than the family's threshold than that family and every individual in it is considered to be living in poverty.

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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