Albany, IN
Population 2,984 · Indiana
About Albany, IN
Albany is a small community in Indiana with a population of 2,984 residents. The median household income is $56,356 per year, which is near the national average. The median age in Albany is 50.5 years.
Housing in Albany has a median home value of $103,600 and median monthly rent of $669. Of the 1,446 total housing units, the majority are owner-occupied, with 1,062 owner-occupied and 234 renter-occupied units.
The unemployment rate in Albany is 3.6% and the poverty rate is 7.7%. 12.2% of residents hold a bachelor's degree or higher. The average commute time is 30.3 minutes.
Cost of Living in Albany, IN
Compared to national averages, Albany has a median household income of $56,356 (25% below the national median of $75,149). Home values average $103,600, which is 58% below the national median. Monthly rent at $669 is 42% below the US average of $1,163. Within Indiana, Albany's income is 19% below the state average of $69,330, and home values are 37% below the state median of $163,409.
Why Live in Albany, IN?
Albany offers affordable housing with a median home value of $103,600, below the US average of $244,900, and rent that’s lower than the national average at $669/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features a low poverty rate of 7.7%, better than the national average.
Potential considerations include median household income ($56,356) that falls below the national average. However, Albany’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Albany has a population of 2,984 with a median age of 50.5 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Albany
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brownstown | 3,020 | $62,222 | $138,100 | Compare |
| New Palestine | 3,027 | $93,170 | $320,300 | Compare |
| Shorewood Forest | 3,030 | $151,382 | $449,400 | Compare |
| Delphi | 2,913 | $43,548 | $120,400 | Compare |
| Heritage Lake | 2,913 | $81,495 | $237,300 | Compare |
| Grissom AFB | 2,882 | $52,829 | $84,700 | Compare |
| Bicknell | 2,879 | $51,099 | $59,700 | Compare |
| Covington | 3,112 | $54,962 | $162,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albany With Other Cities
Frequently Asked Questions about Albany
What is the population of Albany, IN?
The population of Albany, IN is 2,984 according to the latest Census data.
What is the median household income in Albany?
The median household income in Albany, IN is $56,356 per year.
What is the median home value in Albany?
The median home value in Albany, IN is $103,600.
What is the average rent in Albany?
The median monthly rent in Albany, IN is $669.
What is the unemployment rate in Albany?
The unemployment rate in Albany, IN is 3.6%.