Albion, MI
Population 7,608 · Michigan
About Albion, MI
Albion is a small town located in Michigan with a population of 7,608 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,040 per year, which is 47% below the national median of $75,149. The median age of 25.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Albion features a median home value of $91,100, which is 63% below the national median of $244,900. This makes Albion one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $769, 34% below the national average of $1,163/month. Of the 2,901 total housing units, 62% are owner-occupied (1,440 units) and 38% are renter-occupied (899 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Albion shows an unemployment rate of 13.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 27.2%, above the national average of 12.4%. Workers in Albion have an average one-way commute time of 24.9 minutes.
Education & Demographics
17.6% of Albion residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 4.8% White, 1.8% Hispanic or Latino, 0.3% Black or African American, and 1.9% Asian residents, with 1.2% of the population being foreign-born.
Cost of Living in Albion, MI
Compared to national averages, Albion has a median household income of $40,040 (47% below the national median of $75,149). Home values average $91,100, which is 63% below the national median. Monthly rent at $769 is 34% below the US average of $1,163. Within Michigan, Albion's income is 39% below the state average of $66,017, and home values are 50% below the state median of $183,391.
Why Live in Albion, MI?
Albion offers affordable housing with a median home value of $91,100, below the US average of $244,900, and rent that’s lower than the national average at $769/month, and short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($40,040) 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 7,608 with a median age of 25.6 years. Compare Albion with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Albion
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Brighton | 7,576 | $81,772 | $302,800 | Compare |
| Freeland | 7,562 | $103,431 | $241,400 | Compare |
| Ludington | 7,664 | $44,471 | $192,800 | Compare |
| Hastings | 7,515 | $56,309 | $159,000 | Compare |
| Iron Mountain | 7,508 | $56,622 | $117,600 | Compare |
| Hudsonville | 7,711 | $88,606 | $260,500 | Compare |
| St. Johns | 7,712 | $63,030 | $175,300 | Compare |
| Grand Ledge | 7,797 | $66,515 | $189,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albion With Other Cities
Frequently Asked Questions about Albion
What is the population of Albion, MI?
The population of Albion, MI is 7,608 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Albion?
The median household income in Albion, MI is $40,040 per year, which is 47% below the national median of $75,149.
What is the median home value in Albion?
The median home value in Albion, MI is $91,100, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Albion?
The median monthly rent in Albion, MI is $769, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Albion?
The unemployment rate in Albion, MI is 13.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Albion, MI a good place to live?
Albion offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,608 and a median age of 25.6, the city appeals to young professionals and families.
How educated is Albion, MI?
17.6% of residents in Albion aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Albion?
Key cost-of-living indicators for Albion, MI: median home value is $91,100 (63% below national), median rent is $769/month, and median household income is $40,040. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Albion?
The poverty rate in Albion, MI is 27.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Albion, MI?
Albion's population is 4.8% White, 1.8% Hispanic or Latino, 0.3% Black or African American, 1.9% Asian, and 32.0% two or more races. 1.2% of residents are foreign-born.