Albion, IA
Population 617 · Iowa
About Albion, IA
Albion is a small community in Iowa with a population of 617 residents. The median household income is $73,750 per year, which is above the national average. The median age in Albion is 43.3 years.
Housing in Albion has a median home value of $105,400 and median monthly rent of $810. Of the 304 total housing units, the majority are owner-occupied, with 235 owner-occupied and 20 renter-occupied units.
The unemployment rate in Albion is 2.4% and the poverty rate is 6.2%. 8.1% of residents hold a bachelor's degree or higher. The average commute time is 24.3 minutes.
Cost of Living in Albion, IA
Compared to national averages, Albion has a median household income of $73,750 (2% below the national median of $75,149). Home values average $105,400, which is 57% below the national median. Monthly rent at $810 is 30% below the US average of $1,163. Within Iowa, Albion's income is 9% above the state average of $67,947, and home values are 20% below the state median of $132,237.
Why Live in Albion, IA?
Albion offers affordable housing with a median home value of $105,400, below the US average of $244,900, and rent that’s lower than the national average at $810/month, and a strong job market with an unemployment rate of just 2.4%. Additionally, the city features a low poverty rate of 6.2%, better than the national average, and short commute times averaging just 24.3 minutes.
Potential considerations include median household income ($73,750) 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 617 with a median age of 43.3 years. Compare Albion with other cities to see how it stacks up, or explore all cities in Iowa.
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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, IA?
The population of Albion, IA is 617 according to the latest Census data.
What is the median household income in Albion?
The median household income in Albion, IA is $73,750 per year.
What is the median home value in Albion?
The median home value in Albion, IA is $105,400.
What is the average rent in Albion?
The median monthly rent in Albion, IA is $810.
What is the unemployment rate in Albion?
The unemployment rate in Albion, IA is 2.4%.