Albany, KY
Population 1,972 · Kentucky
About Albany, KY
Albany is a small community in Kentucky with a population of 1,972 residents. The median household income is $40,301 per year, which is below the national average. The median age in Albany is 46.2 years.
Housing in Albany has a median home value of $102,500 and median monthly rent of $610. Of the 1,064 total housing units, renting is more common than owning, with 351 owner-occupied and 496 renter-occupied units.
The unemployment rate in Albany is 4.2% and the poverty rate is 23.2%. 16.9% of residents hold a bachelor's degree or higher. The average commute time is 16.1 minutes.
Cost of Living in Albany, KY
Compared to national averages, Albany has a median household income of $40,301 (46% below the national median of $75,149). Home values average $102,500, which is 58% below the national median. Monthly rent at $610 is 48% below the US average of $1,163. Within Kentucky, Albany's income is 39% below the state average of $66,273, and home values are 44% below the state median of $182,504.
Why Live in Albany, KY?
Albany offers affordable housing with a median home value of $102,500, below the US average of $244,900, and rent that’s lower than the national average at $610/month, and short commute times averaging just 16.1 minutes.
Potential considerations include median household income ($40,301) 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 1,972 with a median age of 46.2 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Albany
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Dawson Springs | 1,973 | $31,607 | $73,500 | Compare |
| Owingsville | 1,977 | $40,150 | $92,700 | Compare |
| Hurstbourne Acres | 1,984 | $68,229 | $292,900 | Compare |
| Beattyville | 1,948 | $23,750 | $106,800 | Compare |
| Whitesburg | 1,998 | $31,875 | $111,300 | Compare |
| Jeffersonville | 1,937 | $56,932 | $114,900 | Compare |
| Orchard Grass Hills | 2,008 | $105,417 | $261,100 | Compare |
| Jamestown | 2,021 | $25,602 | $119,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Albany
What is the population of Albany, KY?
The population of Albany, KY is 1,972 according to the latest Census data.
What is the median household income in Albany?
The median household income in Albany, KY is $40,301 per year.
What is the median home value in Albany?
The median home value in Albany, KY is $102,500.
What is the average rent in Albany?
The median monthly rent in Albany, KY is $610.
What is the unemployment rate in Albany?
The unemployment rate in Albany, KY is 4.2%.