Albany, IL demographics:
population, income, and more

Total population
776
-0.9% year-over-year change
Median household income
$62,857/yr
-8.6% year-over-year change
Housing units
359
0.8% year-over-year change

Albany population

How many people live in Albany

Albany is home to 776 residents, according to the most recent Census data. Gender-wise, 55.2% of Albany locals are male, and 44.8% are female.

Total population
776
-0.9% year-over-year change
Gender ratio
Male
55.2%
428
Female
44.8%
348
Value Percent YoY change
Male 428 55.2% 0.0%
Female 348 44.8% -2.0%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Albany is 38, with the population distributed as follows: about 25.6% are children under 15, then 7.9% are in the 15 to 24 age group. Adults between 25 and 44 make up 21.9% of the population, while another 26.3% fall into the 45 to 64 bracket. Finally, around 18.3% are 65 or older.

Median age
37.8
Age breakdown
Under 15
25.6%
15 to 24
7.9%
25 to 44
21.9%
45 to 64
26.3%
Over 65
18.3%
Value Percent YoY change
Under 15 199 25.6% 0.5%
15 to 24 61 7.9% 19.6%
25 to 44 170 21.9% -7.1%
45 to 64 204 26.3% 10.9%
Over 65 142 18.3% -15.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Albany, 99.1% of the population are US-born citizens, while 0.8% have gained naturalized citizenship. At the same time, 0.1% of residents are non-citizens. There’s also a share of 4.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
99.1%
Non-U.S.-born citizens
0.8%
Non-citizens
0.1%
Value Percent YoY change
U.S.-born citizens 769 99.1% -0.3%
Non-U.S.-born citizens 6 0.8% -25.0%
Non-citizens 1 0.1% -75.0%
Racial breakdown
White
94.3%
Black or African American
1.4%
American Indian and Alaska Native
0.1%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.1%
Other
0%
Value Percent
White 732 94.3%
Black or African American 11 1.4%
American Indian and Alaska Native 1 0.1%
Two or more races 32 4.1%

Households in Albany

A peek inside Albany households

Albany has 320 households, with an average of 2 members in each. Of these, 62.8% are families, while the remaining 37.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
320
0.0% year-over-year change
Average people per household
2
Non-family households
119
Family households
201
Value Percent YoY change
Non-family households 119 37.2% 8.2%
Family households 201 62.8% -4.3%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Albany

The housing landscape of Albany

Albany's housing consists of 359 units, with 78.3% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 2.2% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 17% of the housing landscape.

Housing units
359
0.8% year-over-year change
Housing types
Value Percent
1 unit, detached 281 78.3%
1 unit, attached 8 2.2%
2 units 9 2.5%
Mobile home 61 17%
Homes built since 2020
0
% year-over-year change

The age of buildings in Albany

In Albany, the median construction year is 1972. About 15.3% of homes were built before the 1940s, with another 5% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 55 15.3% -9.8%
Built between 1940 and 1949 18 5% -14.3%
Built between 1950 and 1959 33 9.2% 37.5%
Built between 1960 and 1969 65 18.1% 1.6%
Built between 1970 and 1979 50 13.9% -12.3%
Built between 1980 and 1989 13 3.6% -13.3%
Built between 1990 and 1999 61 17% 22.0%
Built between 2000 and 2009 44 12.3% 0.0%
Built between 2010 and 2019 20 5.6% 0.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Albany occupancy rates

Out of the 320 occupied housing units in Albany, 89.1% are owner-occupied, while 10.9% are lived in by tenants. Meanwhile, 10.9% of all homes on the local market sit vacant.

Occupied housing units
320
0.0% year-over-year change
Occupancy breakdown
Renter occupied
35
Owner occupied
285
Value Percent YoY
change
Renter occupied 35 10.9% 20.7%
Owner occupied 285 89.1% -2.1%
Unoccupied housing units
10.9%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Albany housing costs

Housing costs in Albany come to a median of $743 per month, while tenants specifically pay a median gross rent of $724.

Median housing costs per month
$743/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Albany
$724/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Albany

Albany education at a glance

About 48.5% of the population in Albany went to high school, while 23.6% pursued college studies. Another 8.9% earned an associate degree and 12.9% hold a bachelor’s. Meanwhile, 5.4% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 4 0.7% -20.0%
High school diploma 263 48.5% 5.2%
College diploma 128 23.6% -30.1%
Associate degree 48 8.9% 17.1%
Bachelor's degree 70 12.9% 45.8%
Graduate degree 29 5.4% 11.5%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Albany

How much people earn in Albany

The average annual household income in Albany was $77,861 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -5.2% change from the previous year. At the same time, the median income stood at $62,857, reflecting a -8.6% shift over the same period.

Average household income in Albany
$77,861/year
-5.2% year-over-year change
Median household income in Albany
$62,857/year
-8.6% year-over-year change

Albany income by age

In Albany, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $88,750. Those with someone between 45 and 64 in charge, often well established professionally, earn $82,857 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $36,250, while those led by someone over 65, many of whom may be retired, have about $41,944 in earnings. Overall, 96% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $36,250 16.0%
25 - 44 $88,750 -16.7%
45 - 64 $82,857 -11.6%
Over 65 $41,944 -12.6%
Above poverty level
738
Below poverty level
31
Value Percent YoY
change
Above poverty level 738 96% -0.8%
Below poverty level 31 4% 14.8%

Employment in Albany

Workforce and job types in Albany

The job market in Albany is powered by 315 working residents, spread across a range of industries and roles. 56.8% of the working population are employed in professional or administrative positions, while 43.2% are in hands-on or service-based jobs. Also, 13.6% run their own businesses, 65.4% are employed by private companies, and 7.9% work in the public sector.

Workforce demographics

Working population
315
2.3% year-over-year change
White collar
179
Blue collar
136
Value Percent YoY change
White collar 179 56.8% 4.1%
Blue collar 136 43.2% 0.0%
Employer type
Self employees
13.6%
Private companies
65.4%
Governmental workers
7.9%
Not for profit companies
13%
Value Percent YoY change
Self employees 43 13.6% 19.4%
Private companies 206 65.4% -9.2%
Governmental workers 25 7.9% 56.2%
Not for profit companies 41 13% 41.4%
Unemployment rate
6.5%
15.8% year-over-year change

Available workforce

The unemployment rate in Albany stands at 6.5%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Albany

How people get around in Albany

Means of transportation
Value Percent YoY change
Car 297 96.4% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Albany by zipcode?

Zipcode Population Number of households Median income Average income
61230 1,039 410 $62,344 $79,574

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FAQs about Albany demographics 

What is the total population of Albany?

Albany has a total population of 776 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.9% compared to a year ago.

What is the gender ratio in Albany?

The gender ratio in Albany is as follows:
  • 55.2% males (428 residents)
  • 44.8% females (348 residents)

What is the median age in Albany?

The median age in Albany is 37.8.

What is the age distribution of the population in Albany?

The age distribution in Albany is as follows:
  • Under 15: 25.6% (199 residents)
  • Ages 15-24: 7.9% (61 residents)
  • Ages 25-44: 21.9% (170 residents)
  • Ages 45-64: 26.3% (204 residents)
  • Over 65: 18.3% (142 residents)

What is the racial and ethnic makeup of Albany?

The racial and ethnic makeup of Albany is as follows:
  • White: 94.3% (732 residents)
  • Black or African American: 1.4% (11 residents)
  • American Indian and Alaska Native: 0.1% (1 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.1% (32 residents)
  • Other: 0% (0 residents)

What percentage of the population in Albany are U.S.-born citizens?

U.S.-born citizens represent 99.1% of the population in Albany.

How many housing units are there in Albany?

There are 359 housing units in Albany, reflecting a +0.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Albany and what is the average household size?

Albany has a total of 320 households, with an average of 2 people in each.

What is the median household income in Albany?

Albany has a median household income of $62,857, representing a -8.6% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Albany?

The employment rate is 93.5% in Albany, with a workforce of 315 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 56.8% (179 residents)
  • Blue-collar workers: 43.2% (136 residents)

Places of employment:
  • Self-employed: 13.6% (43 residents)
  • Private companies: 65.4% (206 residents)
  • Governmental workers: 7.9% (25 residents)
  • Not-for-profit companies: 13% (41 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025