Albany, MO
Population 1,855 · Missouri
About Albany, MO
Albany is a small community in Missouri with a population of 1,855 residents. The median household income is $46,905 per year, which is below the national average. The median age in Albany is 40.7 years.
Housing in Albany has a median home value of $96,700 and median monthly rent of $520. Of the 889 total housing units, the majority are owner-occupied, with 536 owner-occupied and 242 renter-occupied units.
The unemployment rate in Albany is 2.9% and the poverty rate is 17.9%. 22.7% of residents hold a bachelor's degree or higher. The average commute time is 18.6 minutes.
Cost of Living in Albany, MO
Compared to national averages, Albany has a median household income of $46,905 (38% below the national median of $75,149). Home values average $96,700, which is 61% below the national median. Monthly rent at $520 is 55% below the US average of $1,163. Within Missouri, Albany's income is 23% below the state average of $61,047, and home values are 36% below the state median of $150,786.
Why Live in Albany, MO?
Albany offers affordable housing with a median home value of $96,700, below the US average of $244,900, and rent that’s lower than the national average at $520/month, and a strong job market with an unemployment rate of just 2.9%. Additionally, the city features short commute times averaging just 18.6 minutes.
Potential considerations include median household income ($46,905) 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 1,855 with a median age of 40.7 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Albany
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Weston | 1,852 | $91,625 | $246,000 | Compare |
| Memphis | 1,860 | $49,598 | $117,200 | Compare |
| Milan | 1,883 | $52,647 | $89,700 | Compare |
| Huntsville | 1,806 | $52,266 | $101,500 | Compare |
| Hamilton | 1,909 | $56,548 | $139,200 | Compare |
| Winchester | 1,914 | $87,344 | $209,300 | Compare |
| Lincoln | 1,795 | $60,272 | $123,000 | Compare |
| Marble Hill | 1,781 | $30,486 | $94,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Albany, MO is 1,855 according to the latest Census data.
What is the median household income in Albany?
The median household income in Albany, MO is $46,905 per year.
What is the median home value in Albany?
The median home value in Albany, MO is $96,700.
What is the average rent in Albany?
The median monthly rent in Albany, MO is $520.
What is the unemployment rate in Albany?
The unemployment rate in Albany, MO is 2.9%.