Albion, IL
Population 2,107 · Illinois
About Albion, IL
Albion is a small community in Illinois with a population of 2,107 residents. The median household income is $56,172 per year, which is near the national average. The median age in Albion is 39.7 years.
Housing in Albion has a median home value of $93,000 and median monthly rent of $808. Of the 952 total housing units, the majority are owner-occupied, with 603 owner-occupied and 264 renter-occupied units.
The unemployment rate in Albion is 9.2% and the poverty rate is 26.4%. 13.7% of residents hold a bachelor's degree or higher. The average commute time is 18.2 minutes.
Cost of Living in Albion, IL
Compared to national averages, Albion has a median household income of $56,172 (25% below the national median of $75,149). Home values average $93,000, which is 62% below the national median. Monthly rent at $808 is 31% below the US average of $1,163. Within Illinois, Albion's income is 25% below the state average of $75,072, and home values are 44% below the state median of $165,779.
Why Live in Albion, IL?
Albion offers affordable housing with a median home value of $93,000, below the US average of $244,900, and rent that’s lower than the national average at $808/month, and short commute times averaging just 18.2 minutes.
Potential considerations include median household income ($56,172) 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 2,107 with a median age of 39.7 years. Compare Albion with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Albion
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vienna | 2,115 | $39,471 | $77,400 | Compare |
| Mason City | 2,094 | $64,250 | $92,200 | Compare |
| Moweaqua | 2,093 | $71,364 | $110,400 | Compare |
| Lexington | 2,074 | $98,676 | $171,600 | Compare |
| Elwood | 2,141 | $73,640 | $224,900 | Compare |
| Merrionette Park | 2,144 | $53,623 | $152,600 | Compare |
| Athens | 2,146 | $85,000 | $164,200 | Compare |
| Bellevue | 2,158 | $60,769 | $130,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
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, IL?
The population of Albion, IL is 2,107 according to the latest Census data.
What is the median household income in Albion?
The median household income in Albion, IL is $56,172 per year.
What is the median home value in Albion?
The median home value in Albion, IL is $93,000.
What is the average rent in Albion?
The median monthly rent in Albion, IL is $808.
What is the unemployment rate in Albion?
The unemployment rate in Albion, IL is 9.2%.