Albion, IN
Population 2,680 · Indiana
About Albion, IN
Albion is a small community in Indiana with a population of 2,680 residents. The median household income is $67,687 per year, which is near the national average. The median age in Albion is 32.1 years.
Housing in Albion has a median home value of $138,200 and median monthly rent of $875. Of the 925 total housing units, the majority are owner-occupied, with 520 owner-occupied and 322 renter-occupied units.
The unemployment rate in Albion is 2.6% and the poverty rate is 10.8%. 7.5% of residents hold a bachelor's degree or higher. The average commute time is 25.4 minutes.
Cost of Living in Albion, IN
Compared to national averages, Albion has a median household income of $67,687 (10% below the national median of $75,149). Home values average $138,200, which is 44% below the national median. Monthly rent at $875 is 25% below the US average of $1,163. Within Indiana, Albion's income is 2% below the state average of $69,330, and home values are 15% below the state median of $163,409.
Why Live in Albion, IN?
Albion offers affordable housing with a median home value of $138,200, below the US average of $244,900, and rent that’s lower than the national average at $875/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 10.8%, better than the national average.
Potential considerations include median household income ($67,687) 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 2,680 with a median age of 32.1 years. Compare Albion with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Albion
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brookville | 2,640 | $58,750 | $172,100 | Compare |
| Avilla | 2,637 | $73,250 | $174,500 | Compare |
| Oakland City | 2,635 | $48,750 | $102,000 | Compare |
| Butler | 2,632 | $50,179 | $100,700 | Compare |
| Chesterfield | 2,733 | $58,125 | $102,300 | Compare |
| Centerville | 2,748 | $50,724 | $133,200 | Compare |
| Lagrange | 2,770 | $51,786 | $124,000 | Compare |
| Osceola | 2,583 | $63,063 | $178,300 | 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.
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Frequently Asked Questions about Albion
What is the population of Albion, IN?
The population of Albion, IN is 2,680 according to the latest Census data.
What is the median household income in Albion?
The median household income in Albion, IN is $67,687 per year.
What is the median home value in Albion?
The median home value in Albion, IN is $138,200.
What is the average rent in Albion?
The median monthly rent in Albion, IN is $875.
What is the unemployment rate in Albion?
The unemployment rate in Albion, IN is 2.6%.