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Albany, NY has a population of 98,425 people with a median age of 31.2 and a median household income of $42,335. Between 2015 and 2016 the population of Albany, NY declined from 98,468 to 98,425, a 0.04% decrease and its median household income grew from $40,949 to $42,335, a 3.38% increase.
The population of Albany, NY is 51.1% White, 28.2% Black, and 9.9% Hispanic. 16.2% of the people in Albany, NY speak a non-English language, and 93.6% are U.S. citizens.
The largest universities in Albany, NY are Excelsior College, with 4,903 graduates, SUNY at Albany, with 4,731 graduates, and The College of Saint Rose, with 1,551 graduates.
The median property value in Albany, NY is $172,700, and the homeownership rate is 37%. Most people in Albany, NY commute by Drove Alone, and the average commute time is 18.3 minutes. The average car ownership in Albany, NY is 1 car per household.
Albany, NY is a census place located in Albany County, NY. It borders Menands, NY; Rensselaer, NY; and Westmere, NY.
The economy of Albany, NY employs 47,564 people. The economy of Albany, NY is specialized in Public Admin.; Healthcare & Social Assistance; and Educational Services, which employ respectively 2.59; 1.33; and 1.26 times more people than what would be expected in a location of this size. The largest industries in Albany, NY are Healthcare & Social Assistance (8,794), Public Admin. (5,773), and Educational Services (5,609), and the highest paying industries are Utilities ($60,104), Professional, Scientific, Tech Services ($51,171), and Finance & Insurance ($43,584).
Median household income in Albany, NY is $42,335. Males in Albany, NY have an average income that is 1.3 times higher than the average income of females, which is $45,650. The income inequality of Albany, NY (measured using the Gini index) is 0.473 which is lower than the national average.
Insurance and Medicare coverage combined with state and county level health and safety statistics for Albany, NY. In Albany County, NY the age groups most likely to have health care coverage are 18-24 and 18-24, men and women, respectively. The location has a 1 to 101 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $8,271. Bronx County, NY has the highest prevalence of homicides of any county in New York.
Albany, NY is home to a population of 98,425 people, from which 93.6% are citizens. The ethnic composition of the population of Albany, NY is composed of 50,272 White residents (51.1%), 27,724 Black residents (28.2%), 9,721 Hispanic residents (9.9%), 6,549 Asian residents (6.65%), and 3,798 Two+ residents (3.86%). The most common foreign languages in Albany, NY are Spanish (5,094 speakers), Chinese (1,404 speakers), and Other Asian (1,358 speakers), but compared to other places, Albany, NY has a relative high number of Other Asian (1,358 speakers), Urdu (438 speakers), and Italian (575 speakers).
In 2015 universities in Albany, NY awarded 12,788 degrees. The student population of Albany, NY is skewed towards females, with 5,664 male students and 7,124 female students. Most students in Albany, NY are White (8,068 and 63.1%), followed by Black or African American (1,643 and 12.8%), Hispanic or Latino (1,031 and 8.06%), and Asian (572 and 4.47%). The largest universities in Albany, NY by number of graduates are Excelsior College (4,903 and 38.3%), SUNY at Albany (4,731 and 37%), and The College of Saint Rose (1,551 and 12.1%). The most popular majors in Albany, NY are Liberal Arts & Sciences (1,354 and 10.6%), Registered Nursing (470 and 3.68%), and General Psychology (434 and 3.39%). The median tuition costs in Albany, NY are $29,656 for private four year colleges, and $6,470 and $21,550 respectively, for public four year colleges for in-state students and out-of-state students.
The median property value in Albany, NY is $172,700, which is 0.84 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $171,400 to $172,700, a 0.76% increase. The homeownership rate of Albany, NY is 37%, which is lower than the national average of 63.6%. People in Albany, NY have an average commute time of 18.3 minutes, and they commute by Drove Alone. Car ownership in Albany, NY is lower than the national average, with an average of 1 car per household.
