Albany, OR
Population 56,773 · Oregon
About Albany, OR
Albany is a mid-sized city located in Oregon with a population of 56,773 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,809 per year, which is 2% below the national median of $75,149. The median age of 37.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Albany features a median home value of $352,900, which is 44% above the national median of $244,900. This positions Albany in a moderately priced market relative to the rest of the country. Median monthly rent is $1,311, 13% above the national average of $1,163/month. Of the 22,552 total housing units, 59% are owner-occupied (12,969 units) and 41% are renter-occupied (8,866 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Albany shows an unemployment rate of 5.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.3%, above the national average of 12.4%. Workers in Albany have an average one-way commute time of 20.5 minutes.
Education & Demographics
28.6% of Albany residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 12.5% White, 4.3% Hispanic or Latino, 0.6% Black or African American, and 2.2% Asian residents, with 5.9% of the population being foreign-born.
How Albany Ranks in Oregon
Cost of Living in Albany, OR
Compared to national averages, Albany has a median household income of $73,809 (2% below the national median of $75,149). Home values average $352,900, which is 44% above the national median. Monthly rent at $1,311 is 13% above the US average of $1,163. Within Oregon, Albany's income is 3% below the state average of $76,196, and home values are 8% below the state median of $382,095.
Why Live in Albany, OR?
Albany offers short commute times averaging just 20.5 minutes.
Potential considerations include median household income ($73,809) that falls below the national average. However, as a mid-sized city, Albany provides access to a wide range of amenities and services.
Albany has a population of 56,773 with a median age of 37.1 years. Compare Albany with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Albany
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tigard | 55,395 | $105,008 | $585,700 | Compare |
| Aloha | 53,362 | $96,754 | $465,500 | Compare |
| Corvallis | 60,424 | $63,807 | $480,600 | Compare |
| Springfield | 61,642 | $67,211 | $323,800 | Compare |
| Lake Oswego | 40,367 | $140,441 | $894,000 | Compare |
| Grants Pass | 39,183 | $56,877 | $364,200 | Compare |
| Keizer | 39,013 | $81,217 | $396,700 | Compare |
| Oregon City | 37,482 | $94,648 | $531,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albany With Other Cities
Frequently Asked Questions about Albany
What is the population of Albany, OR?
The population of Albany, OR is 56,773 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Oregon.
What is the median household income in Albany?
The median household income in Albany, OR is $73,809 per year, which is 2% below the national median of $75,149.
What is the median home value in Albany?
The median home value in Albany, OR is $352,900, which is 44% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Albany?
The median monthly rent in Albany, OR is $1,311, which is 13% above the national average of $1,163/month.
What is the unemployment rate in Albany?
The unemployment rate in Albany, OR is 5.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Albany, OR a good place to live?
Albany offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 56,773 and a median age of 37.1, the city appeals to a broad range of residents.
How educated is Albany, OR?
28.6% of residents in Albany 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 Albany?
Key cost-of-living indicators for Albany, OR: median home value is $352,900 (44% above national), median rent is $1,311/month, and median household income is $73,809. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Albany?
The poverty rate in Albany, OR is 13.3%, 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 Albany, OR?
Albany's population is 12.5% White, 4.3% Hispanic or Latino, 0.6% Black or African American, 2.2% Asian, and 0.5% two or more races. 5.9% of residents are foreign-born.