Albion, ID
Population 371 · Idaho
About Albion, ID
Albion is a small community located in Idaho with a population of 371 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,375 per year, which is 2% below the national median of $75,149. The median age of 42 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Albion features a median home value of $240,000, which is 2% below the national median of $244,900. This positions Albion in a moderately priced market relative to the rest of the country. Median monthly rent is $958, 18% below the national average of $1,163/month. Of the 166 total housing units, 84% are owner-occupied (128 units) and 16% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Albion shows an unemployment rate of 9.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Albion have an average one-way commute time of 20.9 minutes.
Education & Demographics
28.1% of Albion residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.4% White, 5.1% Hispanic or Latino, 0.0% Black or African American, and 1.1% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Albion, ID
Compared to national averages, Albion has a median household income of $73,375 (2% below the national median of $75,149). Home values average $240,000, which is 2% below the national median. Monthly rent at $958 is 18% below the US average of $1,163. Within Idaho, Albion's income is 13% above the state average of $65,190, and home values are 13% below the state median of $274,721.
Why Live in Albion, ID?
Albion offers affordable housing with a median home value of $240,000, below the US average of $244,900, and rent that’s lower than the national average at $958/month, and a low poverty rate of 6.2%, better than the national average. Additionally, the city features short commute times averaging just 20.9 minutes.
Potential considerations include median household income ($73,375) that falls below the national average. However, Albion’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Albion has a population of 371 with a median age of 42 years. Compare Albion with other cities to see how it stacks up, or explore all cities in Idaho.
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Demographics
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Economy & Education
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Other Cities in Idaho
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Albion
What is the population of Albion, ID?
The population of Albion, ID is 371 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Albion?
The median household income in Albion, ID is $73,375 per year, which is 2% below the national median of $75,149.
What is the median home value in Albion?
The median home value in Albion, ID is $240,000, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Albion?
The median monthly rent in Albion, ID is $958, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Albion?
The unemployment rate in Albion, ID is 9.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Albion, ID a good place to live?
Albion offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 371 and a median age of 42, the city appeals to a broad range of residents.
How educated is Albion, ID?
28.1% of residents in Albion aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Albion?
Key cost-of-living indicators for Albion, ID: median home value is $240,000 (2% below national), median rent is $958/month, and median household income is $73,375. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Albion?
The poverty rate in Albion, ID is 6.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Albion, ID?
Albion's population is 12.4% White, 5.1% Hispanic or Latino, 0.0% Black or African American, 1.1% Asian, and 0.0% two or more races. 1.6% of residents are foreign-born.